All Forum Posts by: Andrew Neal

@Travis Raila yeah my buddy in Florida has built spec homes, owns a kitchen/bath renovation company and granite yard so he would be involved for sure. In Texas it's similar in that my in-laws have experience in construction. But ya buying somewhere just because it's close to people you know isn't important.

@Travis Raila congrats on taking the first step. I too am searching for my first out of state property. I am beginning with markets where I have some connections so for example Dallas area because my wife's family lives there and central Florida because a good friend who happens to be a contractor lives there. I have begun to analyze properties to see if anything looks promising. I am most interested in long term buy and hold investing.

Best of luck to you and would love to hear what markets you're interested in!

I agree with many of the comments above that it is market specific. I live near Lake Tahoe and everyone I know plus myself kept going up for trips to the snow in the winter and lake in the summer. When you have such a major area like the Bay Area and Sacramento regions within 2-3 hours drive and lots of high wage earning individuals in those markets I would believe they will continue to vacation there.

What would you say the average nightly rate was you were charging? I'm wondering if you moved further up market into nicer larger properties would your average nights rented drop due to the higher nightly/weekly rate? Or is the assumption that people going on a vacation typically have the money for a $400+ a night rental?

@Jon Crosby very cool. And you got a free vacation rental, win win. Thanks again for all the info.

@Jon Crosby that is very interesting. And yeah I agree about Tahoe City versus Kings Beach. I think her speculation is based inside future development plans that should play out in the coming years so who knows. Do you find that you get fewer rentals in the winter months being closer to the lake? I would assume it all averages out though. Funny I also see that you're in Rocklin and my wife and I nearly moved up there a few months ago.

@Jon Crosby thanks so much for that spreadsheet it's super helpful. I agree that a vacation home for "free" is a great way to go and seems achievable. I have a realtor friend in Tahoe Cuty area who speaks highly of the Kings Beach area and all the development slated for it. She also advised the quality of renter is a bit higher in North Lake. What was your experience with a South Lake property?

@Rick Momsen very interesting, thanks for sharing. 85% occupancy is fantastic. I have heard of others doing deep discounts during the off peak times as a way to keep income flowing as well as get some reviews that say "wow great place for the price etc." because no other guests see what another paid so it raises perceived value.

Hey everyone, I live in the Bay Area and have visited the Tahoe area all my life. I know price wise the market in Tahoe has been crazy for some time now however I am wondering if anyone has had success with short term rentals? The beauty of Tahoe is it has two peak seasons and nearly year round people are vacationing there. I have used Airbnb in the area for the better part of a decade as a renter and always have a great time.

@Houston Garcia I feel the Bay Area pain and am hardly still in it!