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All Forum Posts by: Reeti Peshawaria

Reeti Peshawaria has started 2 posts and replied 9 times.

Post: STR regulations for a new market

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7

Thank you so much everyone. I have a starting point đź‘Ť

Post: STR regulations for a new market

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7

Hi, 

I'm in the process of learning about short-term rental investments and analyzing potential markets, but I’ve hit a major roadblock: understanding local regulations. It seems like every city, county, and state has its own rules, permits, and tax requirements for short-term rentals, and I’m finding it overwhelming to navigate all the different layers of compliance.

For example, some places require business licenses, transient occupancy tax permits, or even special zoning approvals. Others have caps on how many nights a property can be rented or outright bans on certain types of rentals. It’s a lot to keep track of, especially when researching multiple markets.

Would greatly appreciate any advice/insights from experienced investors who've navigated these challenges :

  • - How do you approach understanding and evaluating short-term rental regulations when considering a new market?
  • - Are there specific tools, resources, or methods you use to simplify the regulation process?
  • - Any tips for staying updated on regulation changes?

Thank you so much 

Post: New member from the Bay area, CA

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7
Quote from @Savannah Holzer:

Hey Reeti! Love that your listening to Avery's audiobook.

Are you looking for an STR in the Bay Area as well, or open to other areas of CA, other states too?

 Hi @Savannah Holzer, I'd like to start with california and spread out to central if the CoC turns out with low returns. Would you have any suggestions outside CA with a low entry/purchase price and high rents ? Thanks so much

Post: New member from the Bay area, CA

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7
Quote from @Samuel Diouf:

When doing research on potential areas to invest in, I would first decide whether you want appreciation, cashflow, or a mix of both. If you want cashflow.. look for markets with low entry prices and higher rent averages. If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.

Thank you @Samuel Diouf. To confirm I understand what you meant, if I wanted the cashflow, did you mean look for markets where the purchase price is low and high rental rates ? Any suggestions here in or outside of Cali?

Post: New member from the Bay area, CA

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7
Quote from @Wilson Lau:

Welcome @Reeti Peshawaria! I have a colleague who specializes in the Yosemite market on STR, not sure if that would be an area of interest for you. Happy to make an introduction :)

 Thank you @Wilson Lau. Yes Yosemite is within the market I am exploring. I would love an introduction. PLease let me know if you need anything from me. 

Post: New member from the Bay area, CA

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7
Quote from @Scott Trench:

@Reeti Peshawaria Welcome to BiggerPockets!

You are in luck as we have actually created a market finder to make this as easy as possible for you. You can find it at the top of your screen under “Pick Markets” and use either the market finder tool or the spreadsheet. If for any reason you don’t find them valuable, you have a 7-day free trial, and a 30-day money back guarantee.

There might also be some great markets local to you if you are just getting started, so you might consider also setting up keywords for some destinations within an hour or two of the Bay Area!



 Thank you @Scott Trench. That is a great suggestion, going to try that.

Post: New member from the Bay area, CA

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7

@Bradley Buxton

Thank you for the reply. Still learning to use this platform:) 

To answer your question, I would like to stay clear of the metro and national fly to markets due to their volatile ST regulation structure. 

As a starter I think the regional/drive to leisure market would be an area for me to start, where folks can drive within a couple of hours and still get a vacation. 

Post: New member from the Bay area, CA

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7
Quote from @Bradley Buxton:

@Reeti Peshawaria

There are many markets you can invest in. Are there areas you do not want to invest in because of travel time, lack of a network, or other life factors?  Markets where you can go view properties in a day of driving or flying is a good place to start.  There are opportunities in the bay area or central coast. I'm in the Tahoe area and there is still money to be made. Without knowing your exact situation on time, energy, and capital it's hard to limit down to a market. 


Post: New member from the Bay area, CA

Reeti Peshawaria
Pro Member
Posted
  • Posts 9
  • Votes 7

Hi All, 

I am a new member from the Bay area, Ca looking to invest and operate an Short term rental (STR)

I am listening to the Avery Carl's audiobook. 

I would like to learn :

- more about identifying a potential market to invest in

- how to perform a Cash on cash analysis on those markets to assess a positive cash flow within the US/Hawaii

- open to markets within the US/Hawaii

Thank you @Scott Trench 

Best, 

Reeti