HOW’S THE RENTAL MARKET?
I’ve received a lot of calls from investors and past clients asking how the rental market is doing? Over all, I would say that the market is down 10-15% in some areas. Less in better locations where the schools are best.
I’ve had no problems renting my listings as long as you are realistic and pricing it right. Kind of the same rule of thumb as when you sell.
The reason is twofold. There are more rentals to choose from and a lot of tenants are trying to take advantage of the low interest rates and tax breaks for first time home buyers and would rather pay for their own mortgage instead of someone else’s.
If you are thinking of renting your property, make sure it’s light , bright and very clean. It won’t hurt if it smells nice too.
Happy Holidays
Fay
By Chrismas 2009 most all vacation rentals in Lake Tahoe were booked solid.
There are so many vacation rental hot spots and vacation rentals are great for family travel accommodations. Here are a few local favorite hidden secret activities, hot spots and yummy food stops that may have you calling in sick to extend your Lake Tahoe rental (skip over all the advertisements found in your internet search):
• SECRET 1: search ‘Reserve Tahoe Rentals’ for deals on Lake Tahoe rentals around the entire lake. Book your accommodations as far in advance as possible for the best deals. However, if you have the flexibility to wait until the last minute you may end up with the deal that can’t be beat.
• SECRET 2: locate ‘highway 431’ on Google Maps. Driving from Lake Tahoe to Reno, about seven minutes up the mountain toward Mt. Rose on the left you will find a hidden sledding hill that is free of charge. Simply park on the side of the road (be careful of moving traffic) and let the kids do the rest. You must bring your own sled or saucer.
Vacation rentals Lake Tahoe are the #1 ticket to wonderful family fun on the Norh and South shores of Lake Tahoe. This winter should be a great snow year for all those skiers out there. http://www.reservemyhome.com offers 300+ Vacation Rentals Lake Tahoe on all shores. Book Early!
Good article, thanks so much
Keeping your place clean and smelling good are definitely good tips. Any advantage one can have is a good thing. Be different than the others.