All Forum Posts by: Cody Nielsen

@Chad Hale 100% an investment, we are based in Las Vegas and I enjoy doing all the labor myself so we were thinking bi-annual trips to the area for enjoyment and rehab if need be. But primary purpose is cash flow and entrance into STR. Our goal is to creat cash flow properties in a few different areas we are personally interested in. With us be based in Las Vegas we are close enough that handle any problems and make frequent trips if needed.

@Marian Huish Thank you for the beautiful information! My partner and I are each picking a few properties for analysis and having a lunch meeting next week to compare numbers. I’d like to keep this post updated and have everyone check my numbers for accuracy

@Jeff E. Hi Jeff, so what is attracting you towards the west and north sides rather than the south or the Nevada side? Any specific pro’s and con’s you’ve come up with?

Are you using the BiggerPockets rental calc? Or do you have your own spreadsheet for cash flow analysis? If your numbers aren’t working out I’d be really interested with talking about why and what your criteria is.

Awesome post!

@Dustin Allen I really appreciate the local insight. If you don’t mind, I’d like to keep in touch with future comments and questions.

@Dustin Allen

Appreciate the advice Dustin. With you being a local realtor in the area what is your opinion about which areas are “hot”. Like I mentioned in the post, ideally I would like to capitalize on both summer and winter seasons. Is there a primed area to do this?

Also would you recommend staying away or going to certain counties in the area

@Dustin Allen

Hey Dustin, I just sent you a request to connect with you. A friend and business partner of mine are looking to purchase a rental property up there in the area and I would appreciate someone familiar with the codes and regs. We are also looking for a realtor to assist with the purchase.

@Jon Crosby Hey Jon, stumbled across this post while doing some research of my own on the Lake Tahoe STR. Would you be willing to share any contact information with who you used for the area? Management, Realtor, cleaning service? Would love to start a conversation with you if you don't mind sharing your experience and advice with the area.

A friend/ business partner and I have decided to purchase a vacation rental. Our main idea around choosing Lake Tahoe is the year around entertainment attraction. To get down to it, we are asking the Bigger Pockets community for a little first hand advice.

Recommendations for a realtor, property manager, or even a cleaning service in the area.

What are some state requirements that both the Nevada and California side have when it comes to Short-term rentals? Positives and Negatives?

Lastly, any positive or negative advice in an areas when it comes to short term rentals.

I've read previous posts about the topic just looking to engage in my own conversation on the matter. Appreciate your time everyone. Looking forward to interacting.

@Terry Lao

I live out in Vegas and personally I think it would be crazy to sell before the stadium opens up. I know it’s back and forth with everyone, between wether we are at the peak of a cycle or the bottom throughout the country. But Vegas is making a big move in the recent years to diversify the economy. I believe a peak will come in the next 1-2 years out here after everything settles. A lot of families are leaving southern cal but want to stay semi close with relatives still in the area. The future looks bright for Vegas in the long run, even with COVID killing the tourism economy.