Can you rent your Tahoe vacation home?
October 29, 2008
You can rent out your house but don’t expect to have a positive cash flow, of course unless you paid cash! It doesn’t always matter where in Tahoe the house is located it will rent. With that said if your rental is located close to the Stateline casino area and heavenly ski resort that is a good marketing point. Most Tourists that have been to Tahoe are familiar with the Stateline casino and Heavenly area. But that is the end all be all for vacation rentals by far, a large number of tourists don’t know where heavenly or the casinos are and don’t care. There are other ski resorts and destinations to market and if you state in your ad that the property is 10 minutes to heavenly (no properties are really much further) you have cover it.
If you wish to use a rental company to handle your property you can expect to pay approximately 35% of the rental fee. This makes the most since for a lot of property owners because they simply live too far away to handle the late night problems, maintenance and clean up. They also take care of marketing your home and handling the reservations, both are a lot of work. Whether you hire a rental company of not you will need a rental permit from the city of South Lake Tahoe. This is required for any home rented for 30 consecutive days of less. The vacation home rental application also serves as a registration to collect TOT (transit occupancy tax at 10%) can be found at www.cityofslt.us/finance/vacationhomes.html this website will also link you to the vacation rental home ordinance which you should become familiar with to be aware of your responsibilities as the owner.
Important factors in marketing your own rental property include:
* Professional photos of the properties exterior and interior.
* Nicely decorated and furnished
* Comfortable sleeping arrangements
* BBQ and hot tub
* All necessary cooking and eating utensils
* Linens
*Washer/dryer
* Price per night will play a very important factor
* Be sure to mention if you have views of the mountains, lake, meadow, forest and proximity to national forest, ski resorts, fishing, hiking, biking etc.
For other tips and advice about renting your property visit www.ownercommunity.homeaway.com/
Some of the most popular web sites for marketing you property are:
www.vrbo.com Vacation Rental By Owner
According to the number of permits issued there are approximately 500+properties rented through vacation rental companies and 500+ by owners. There are many good rental companies in South Lake Tahoe and here are links to the top performers.
www.buckinghamtahoerentals.com
Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
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