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Updated about 2 years ago,
Advice on STR purchase in big bear CA
Hello all !
Am a newbie to investing on properties!working full time currently and a mom of three . trying to educate myself here and same time looking for a property to purchase a STR arround Big bear a mountain city in CA which is 1and half hour away from where I live .
Thank you all in advance and appreciate any advise !
1.if I manage the STR myself versus managing company , Is buying arround the lake or in the city better in what way ?
2. Is buying 2 bed or 3 bed is good for STR?
3. If you buy 3 bed and only use 2 bed for STR is the licensing by 2 /3?
4. What are the challenges having a house in mountain ?
5. How’s getting contractors/ handy man : cleaner and all ?
6. Worth to buy a TLC property or better to buy furnished homes ?
7. How's business at all for STR in big bear right now , I wonder if the recession affected it or not as much ?
8. Is the quarterly tax( TOT /TBID) only for the lake area or to the city too ?
9. Insurance company recommendation in the area ?
10. Appreciate if any list of which streets get snow removal from the city ?
11. Best managing company recommendation? All managing companies I researched are very expensive between 25-30%
12. Best cleaning company and also handy man recommendation?
Anything you think I should know about STR in Big bear ?
Thanks again