Anyone Airbnb in North Lake Tahoe?

[Andrew Neal]

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.

[Jon Crosby]

Hi @Andrew Neal, I have an STR in Tahoe City and just recently sold another one in South Lake Tahoe. Success depends on how you define it. If you want large cash on cash ROI then Tahoe is going to be tough unless you find some type of value add project. For my particular investing style, I'm looking for vacation house for free model where my property is paid for and cash flow is break even or slightly positive for the year and I get to use the home for up to 14 days per year (plus 'maintenance' trips).

Let me know if you have any specific questions.  Here is a spreadsheet that can also provide you some insights on operating costs.  https://www.dropbox.com/s/xwnw30cmjx32is1/Vacation...

Cheers!