Any Tahoe owners here?

[Ryan Moyer]

I've come across a decent opportunity on a place in Lake Tahoe.  It's not a market I would typically look in but I have a partner I trust that lives in the Bay area that wants to own in Tahoe and has approached me on a partnership with favorable terms. 

While the terms of the deal make the tolerances on what I would typically look for a little looser, I still want to make sure it's a smart decision that will cashflow well.

I am having a hard time getting good numbers on what to project for annual revenue there.  Looking at AirBnB/VRBO calendars has been tough since the place is so seasonal and we are just entering the shoulder season.  AirDNA/Rabbu are all over the place between $100k - $180k which is a huge spread.

So I am reaching out to see if there are any BP members that actually own there and can provide some gross revenue numbers along with size/home type, or people that have found those numbers from others before.  Feel free to DM if that's easier but open discussion is always welcome too.

[Lindsay Buchanan]

Hi @Ryan Moyer, short term rentals around the lake have drastically changed in the last 6 months. El Dorado County has a cap and a current wait list. Placer County is not issuing any new permits until April of 2022, but you able to transfer is the existing home has an active permit. Douglas County also has a cap and a wait list. Washoe County is still allowing new permits, but some HOAs have banned them and do not allow them. And then lastly, Truckee actually just issued a 45 day moratorium not to issue anything new. I know the market very well as I actually sell real estate in the area. Let me know if you want to jump on a call to discuss further. I would be more than happy to talk to you about what you can expect based on location and desirability of the home.