All Forum Posts by: Matt Huber

Ok, I was looking at the map on the El Dorado County VHR website. Just want to make sure I'm reading this right. The white translucent area is the 500 foot buffer for an existing VHR permit, right?

Hey everyone,

If anyone is operating STRs in Gulf Shores, I'd love to connect and ask a few questions via PM.

Thank you in advance!

@Dustin Allen Thank you for chiming in. Really appreciate the feedback. 

To be clear, it appears that the cap only applies to properties within the basic jurisdiction, while the buffer is county-wide.

Thank you Lindsay.

I spent a good amount of time on the El Dorado county website, but did not find the specifics you provided. I appreciate your insight.  Is there a permit limit for El Dorado county? Or are they just backlogged?

Howdy BP Community!

We're researching the possibility of operating a STR off highway 50 in El Dorado county, just outside of the TRPA. I'd love to talk to somebody who operates up there to talk about management issues, fire insurance, and rental potential. Anybody have a few moments?

Many thanks in advance! 

Heyo BP community,

I'm researching the possibility of operating an STR in Gulf Shores. It looks like the STR regulations are fairly easy to navigate and it seems to be a popular vacation destination. I'd love to discuss issues like seasonality, management, and flood insurance with anyone who operates in the area.

The presentation of the offer depends on the type of property.

Assuming it's your first deal:

If single family or small multi family, do as others have suggested and get a buyer's agent. Preferably a referral from someone you trust. If this is impractical, have an attorney help you prepare an offer. If you can't do this, I'd suggest downloading the standard Realtor's assocation forms for your state for guidance.

If it's large multi family or commercial, absolutely get a broker or mentor to help you.

Hey Sean. Here's what I've observed: in the areas with the best growth potential (for both rents and appreciation), existing small multifamily is very scarce. As such, there is a great deal of competition when a duplex or fourplex comes to market.

Although SFR is getting bid up as well, with less favorable rent/price ratios than just six months ago, there is definitely more opportunity for off-market deals. (Which may be what Caleb is getting at.)

Hi Prachi!

I sold a rental in Rancho Cordova this summer, so not exactly CH, but I think there are similarities in terms of the rental market. I think you'd be lucky to get a rent/price ratio of 50% in any decent (B- and up) neighborhood in CH (or anywhere in Sac for that matter). Of course, this doesn't bode well for cash flow. That said, for those units not subject to statewide rent control, rents have experienced significant increases this year. Given the projected strong demand for rental units and lack of new units, many believe this condition will continue next year. In any case, it's not difficult to find several well-qualified tenants for a properly priced rental.

What else would you like to know? Are you in the area? 

I don't know about short term rentals.