Originally posted by @Jennifer Sireika:
I am a specialist in Big Bear and Lake Arrowhead. Yes, the competition is stiff. Yes, we require in person face-to-face check ins. Yes, you need someone local to help you manage (PM or an individual). But at the end of the day, demand is at an all time high. Our commission is less than 20% for full service and we have connections (housekeepers, handyman, vendors, contractors, etc) that is worth gold! My advice is to buy in the mountains if you love snow and four seasons, this is not a place to invest and expect high ROI. Those days are gone. But you will make some money, cover your expenses, and own a great vacation rental! The permits are not as scary as people think as long as you do your research first. Good luck!!
Hi Jennifer, I am looking at Big Bear Lake STR. I live in Orange County and wondering about the property management fees to manage STR. Are there hybrid options available that lowers my property management cost. You and few other folks also mentioned the permits, are those only for cases where you are trying to build new cabins or are those also required for existing cabins/homes that are for resale?
Also do you have any advice on finding the cash flow value of a potential property that I am considering?
Thanks
Neeraj
