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Updated about 1 year ago on . Most recent reply
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Mariposa Short Term Rentals
My partner and I have been actively looking for various properties around the country for short term investment. One of the areas we landed on was near Yosemite National Park. We are looking to invest in a 3 bed / 4 bath home that can host 6/8 people. Ideally, we will within an hour's drive from Yosemite and few other local attractions. Fire risks aside, does anyone have experience owning/managing a property in the area and want to share their insights.
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Hi Brian
When you average our slow season with busy season our occupancy has been about 32%. There is a lot of competition up here. We are in madera county and we just applied for a business license when we were ready to open. Even though our property was in pretty pristine condition I have to say there have been a lot of things arise and with the limited and spotty help to hire that has been a challenge. You definitely won't get a deal on any type of labor up here which has meant we do a lot of the work ourselves. Hiring for electrical work is almost always a month long wait, plumbing 2-3 weeks. Most contractors and licensed personnel are booked well in advance. So those have been my main challenges. We also love the area so that was our big motivation.