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All Forum Posts by: Laura Yelin

Laura Yelin has started 2 posts and replied 8 times.

Post: Real estate agent in Dahlonega, GA

Laura YelinPosted
  • Posts 10
  • Votes 3

Thank you, Sarah! I really appreciate your help.

Post: Real estate agent in Dahlonega, GA

Laura YelinPosted
  • Posts 10
  • Votes 3

Thanks so much Jesse! I'll google them.

Post: Real estate agent in Dahlonega, GA

Laura YelinPosted
  • Posts 10
  • Votes 3

Hello! I'm looking for a real estate agent that understands the STR industry in the area of north Georgia mountains (Dahlonega - Blue Ridge).

Would highly appreciate recommendations. 

thanks!

Laura

Quote from @Jason Kudo:

Hi Laura, STR owner in the Joshua Tree area and realtor that does a lot of business in the area too. Regarding anti-STR sentiment leading to anti-STR regulation, this is untrue. San Bernardino county has some of friendliest STR regulations in Southern California. There is a small group of locals who are anti-STR but the good majority are pro-STR due the the fact that STRs bring a ton of revenue for local businesses and jobs for locals.

Regarding summers, the temperature is the hottest in August and can get up to 100 degrees so STRs with pools do better in the summer. Palm Springs can get up to 120 degrees so it is cooler than the low desert. However, the Perseid meteor shower hits the Joshua Tree area in August and this brings a lot of stargazers to the area in August because you can see TONS of shooting stars in August.

Regarding saturation, you want to avoid buying a property in a residential neighborhood and opt for something on acreage with good separation from neighbors and ideally south of Highway 62. The greatest saturation is found with STR in residential neighborhoods.

Summertime in Borrego Springs is similar to Joshua Tree in terms of temperatures and you need to be careful about floods in Borrengo Springs as the majority of the town is in a flood zone.  This is why you see most homes in the area surrounded by high walls to protect against flooding. The adobe-style homes with pools in Borrego Springs in acreage do well. Borrego Springs had an incredible super bloom this spring.

The Salton Sea area has an air pollution problem from chemical spraying from nearby farms and the town surrounding the sea is very run down. There is an effort to desalinate the sea but that won’t happen anytime soon. The area is popular for off-roading but these people bring their own RVs. I would avoid for STRs and even mid-term.

Let me know what other questions you have that I can help answer for you in terms of STRs in Southern California!


Hi Jason,
Thank you so kuch for your detailed and insightful reply! I really appreciate it!
Thanks,
Laura
Quote from @Dan H.:
Quote from @Laura Yelin:

Hello everyone, 

I'm interested in starting my STR business. As I live in San Diego I'd to start in Southern Cali, at least until I learn the business.

I've looked into several markets and the dessert seems the more profitable. Specifically, I'm looking at Joshua Tree and Borrego Springs.

Does someone here have experience in these two markets? 

I'm curios to learn what's the occupancy during the summer. 

Would highly appreciate any help/tips!!!

Thanks!

Laura


 Have you been to ABSP (Borrego Springs) in the summer?   It is empty.  

I have not looked into it, but have you looked into furnished rental near Salton sea?  The reason I ask is that the mining of battery minerals is big there.    The workers need lodging.  Question is for how long?

Joshua tree, due to significantly higher elevation, does a little better in summer (but I have not been there in summer in my last 20 trips). However, Joshua tree area has lots of STRs and has become anti-STR. I was last out there just over a year ago (I usually go every February but missed this year). Near the visitor center was anti STR signage. I would avoid areas that are becoming anti STR even if it did not have a lot of STRs already. Once an area becomes anti STR, it is usually followed by anti STR regulations. I see this as highly likely in the Joshua tree area. The LTR rents are pathetic compared to current values, but maybe if STRs get banned the prices would fall. This could be a double whammy if you purchased to have an STR. I seldom sell, but if I had a Joshua tree property, I would consider selling it.

Good luck

Hi Dan,
Thank so much for your insights! You're right, Joshua Tree it's pretty saturated and Borrego it's just too hot during the summer. The upside that I see in  Borrego though,  is that the market is smaller and so it's easier to stand out. 
All the other markets in SD proximity are saturated or very expensive! Do you have any recommendations for a place around 1-3 hours from SD that can be interesting to look into? I've looked at Palm Spring, Lake Arrowhead,  Big Bear and Temecula. 
I also did look into Salton Sea for STR, it didn't look very attractive for STR. Maybe for mid term.
Thanks so much!
Laura 

Hello everyone, 

I'm interested in starting my STR business. As I live in San Diego I'd to start in Southern Cali, at least until I learn the business.

I've looked into several markets and the dessert seems the more profitable. Specifically, I'm looking at Joshua Tree and Borrego Springs.

Does someone here have experience in these two markets? 

I'm curios to learn what's the occupancy during the summer. 

Would highly appreciate any help/tips!!!

Thanks!

Laura

Post: Sherman, TX market

Laura YelinPosted
  • Posts 10
  • Votes 3

Hi Dustin,

Thank you! Wow that's a lot! I'm sure you do learn a lot when you stay in the area for a few days. I'm planning on flying over, just trying to gather info right now and trying to decide where to start.

Have a great day!

Post: Sherman, TX market

Laura YelinPosted
  • Posts 10
  • Votes 3

Hello BP's:

We're looking to start building our real estate portfolio, right now analyzing different market to find the right one for us.

We were wondering if anybody has experience in Sherman, TX market? it looks like there's a lot of development and even thought prices are a bit higher than other areas, but it seems that it's just got started. 

I live in San Diego, CA and not familiar with Sherman, TX, so every piece of info would be highly appreciated.

Thanks!

Laura