All Forum Posts by: Kathleen McDowell

Thanks @Jay Hinrichs  My issue is the elec panel is no where near the garage, so it's going to run me around $1500 to run the wire and conduit under my house. Still think it's worth it. I will likely proceed.

@Matt Fine I appreciate your viewpoint. I had my electrician quote for just the outlet and it was a big investment. Would love a second opinion as I agree, its time to install. I love self selecting the best renters. That way I can continue my streak of very little issues with my guests. Reach out to me if you do your own work to install them or have a contact that can get me another quote.

It's best if they look at the economics of each option. First analyze how it performs as an ABNB, as its usually best. If not performing as an STR, could it perform as a LT rental? There are closing costs associated with obtaining that property, so I would first explore how to utilize the asset you have. If the numbers indicate it will not perform in line with goals (cash flow, equity, etc), then you could consider selling. The challenge there is then you have to find another place to invest the profits. In an inflationary environment, RE is historically good at keeping pace with inflation while other asset classes are not.

Hi Mike.  Unfortunately, you have to allow it and don't have any recourse.  Airbnb states they don't even have to tell you they are bringing service animals. It's a great policy for those that truly need service animals, yet unfortunately many renters abuse this policy.   The only recourse you have is to remind them that the animals must be with them AT ALL TIMES, because they are service animals, and cannot be left unattended in the property. In the past, I have had to remind me guests of this rule as many don't realize this (because most times their pets are not really service animals).  Good luck!

Hi Cassandra. It's really about the numbers. I recently invested in multiple 1 BR condos as have some of my clients. The plus side is no roof repairs, no pool /garden expenses. I find the HOA fee is actually less than what I would pay for a pool person and gardener for a SFH. Just be sure to do a lot of due diligence on the HOA community rules and financials. I found the 1Brs were cheap to fix up and easy to rent (I was able to secure renters before I closed so no vacancy). I only found that to be true of 1 Brs because there is a large number of people wanting 1 Brs. This is a great time to buy as inventory is increasing and some buyers are hesitating due to rate rises. In most cases, Action outweighs waiting for the perfect deal. Condos may not appreciate as much as a SFH, but they appreciate more than not buying anything at all. :-)

@Osazee Edebiri reach out if you want to explore opportunities here on North side with STRs. I can provide my experience on which areas give you the best revenue potential. There is a big difference in areas such as at the lake Kings Beach/Tahoe City and further afield such as Tahoe Donner. If you're open to doing a little bit of work, I have a few on my street that need love. Challenge is, you with the new STR laws in Placer Co, there are no guarantees there will be a permit for you once you buy as they have a cap now and they are reviewing new applications starting this month, up til they reach the cap. South Lake may be different, so worth exploring.

@Valerie Budd could you share what you installed in your STRs?  Just a 50 amp plug, or more?

@Scott Schuhwerk thank you so much. Super helpful info, as we're in nearby Kings Beach Tahoe. Thank you @Valerie Budd your results are helpful. I will look into doing it.

 Thank you!  I did some research that said Installing a true EVSE with a J1772 connector on the cable is the way to go.  I dont know much about electric cars.  Would this be the right route to allow for usage by most EV cars?

Hi BP Community - I have a STR in Lake Tahoe and feel the demographic of the area indicates guests from surrounding San Fran area would filter properties and search for those with an Elec Charging.

1. Have people found this to increase appeal/bookings in their STR?

2. What are the cost considerations from the system to installation to usage bill? Anyone have experience?

3. Would installing a EVSE with a J1772 connector on the cable provide what is needed?

4. Any particular solutions people recommend?

Thank you.