All Forum Posts by: Jinhee Hann

@Anton Stoimenov

Hi! I believe it’s not required in Lake Arrowhead. Even just outside of Big Bear Lake, it’s not requirement (for example, Big Bear City).

I would think that if you can find a great crew (cleaning and maintenance), you can self manage.

I found AirDNA data to be really helpful but it was expensive so I only paid for one city, one month.

I paid for Mashvisor data for a year and although the site is terrible to navigate (app on the phone is way better), the data seems to be the same as AirDNA and it gives you access to everywhere in the country. Whichever you choose, definitely spend the money on the data!

Good luck!!

@Jacob Bohrer

Hi! You can't do FHA on non owner occupied. It's only for owner occupied.

@Shane Maddux

Hi! I bought a cabin on a whim last year in February 2020. I had the worst guys working on the renovation and took like 9 months to complete it. It’s finally rented as of mid November and doing well (so far) but I’m waiting to see how it does long term, especially during the coming slow season.

I look everyday on real estate sites there out of habit and it seems to me that prices have gone up significantly in one year. My cabin which I bought at 360k is now above $500k. I say this to show the craziness. I’m a bit concerned about the sudden and drastic price increase there and also worry that once Covid is over, people will once again have many more options for travel besides what’s nearby within driving distance.

But having said that, it’s all about the numbers. I would ask property management companies what the rental income looked like in 2019, pre covid and assume that as the worst case scenario. Then see if you can still cash flow after 30% property mgmt company (worst case scenario if not self managing) and other fees (mortgage, supplies etc etc) and see if numbers work out still.

Before I bought mine, I paid for AirDNA data on Big Bear to see what my income potential was (before I learned of BP or Mashvisor) and that helped me to see where I COULD land.

In Big Bear Lake, in person check in is mandatory.

I’m still learning as well. [Solicitation Removed by Moderators]

@Greg Seivert

Greg, do you live up there and self manage or do you have a property mgr?

@JJ Truman

Hello! What’s the name of your management company?

Thank you for the suggestion.

@Beau Boyster

Will Rahill seems to really know the market and honest with his opinion.

He’s with Keller Williams. Good luck!

Hi guys!

I purchased a cabin in Big Bear Lake, CA on a whim a year ago and spent quite a bit of money and time and money on renovating it. It was like giving birth. So incredibly painful but so worth it at the end.

I have a boutique property manager managing it entirely. I really like the property manager personally but it takes 30% of my revenue and I’m not 100% confident that guest concerns/complaints are being handled in a way that aligns with my philosophy.

Does anyone self manage a property in big bear lake? Where guest check in with a local person is required by the city?

How do you navigate?

Or do you love your property manager? Any recommendations?