Big Bear Lake, CA--Short Term Rental

[Shane Maddux]

Hey Everyone,

I live in the Los Angeles area and I am looking in to STR Market of Big Bear and looks to have a lot of upside. Price of Homes Vs. Potential Profit. I am looking to invest in a 2/3 BD Cabin. Looking for feedback on STR's in the area. Tips in operation of STR's in general would be much appreciated. I would like to go to the property physically only once a month or so.

What are the average costs of Property management on an STR?

Average Vacancy rate in Big Bear Area Air BnB/Vrbos?

Local Laws to be aware of?( Heard of city policy requiring physical presence during check-in)

Any downside to listing on both Vrbo and AirBnb?

Thanks,

Shane

[Jinhee Hann]

@Anton Stoimenov

Hi! I believe it’s not required in Lake Arrowhead. Even just outside of Big Bear Lake, it’s not requirement (for example, Big Bear City).

I would think that if you can find a great crew (cleaning and maintenance), you can self manage.

I found AirDNA data to be really helpful but it was expensive so I only paid for one city, one month.

I paid for Mashvisor data for a year and although the site is terrible to navigate (app on the phone is way better), the data seems to be the same as AirDNA and it gives you access to everywhere in the country. Whichever you choose, definitely spend the money on the data!

Good luck!!