This South Lake Tahoe Airbnb home made more than $200,000 last year, report says - Sacramento Business Journal

Here is a link to an interesting story about a luxury Airbnb vacation rental property in South Lake Tahoe that is producing an impressive rental revenue stream.  The secret ingredients appear to be proximity to a destination ski resort, large capacity and quality amenities.

Excerpt from the article:

"A heated indoor pool. A home theater with reclining chairs. A location that's blocks away from Heavenly ski resort.

That's the recipe for making major revenue from an Airbnb listing, new data suggests. A report from Denver-based Airbnb analytics company Airdna says 59 properties on the site made more than $150,000 in revenue over the past 12 months."

LInk to complete article: This South Lake Tahoe Airbnb home made more than $200,000 last year, report says - Sacramento Business Journal:



Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Short-term Rentals, the Sharing Economy, and Tax - Journal of Accountancy

Are you an Airbnb client, or thinking about renting a real estate asset?  Check out this link to an excellent article about rental taxation, including valid deductions, in today's sharing economy.

LInk to entire article:  Short-term rentals, the sharing economy, and tax - Journal of Accountancy:

Renting through Airbnb?  Be smart about taxation issues.

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion contact me via Randy@RandyBull.com.

Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent - Bloomberg

Both the sales and rental inventories are tight, particularly in Incline Village.  Prices have naturally been forced upward with no relief in the near term.  The success of alternatives for affordability is front and center.  Airbnb is the leading rental alternative.  Also, a higher occupancy per rental unit, or sharing a purchase, brings prices down.

Link to entire Bloomberg article:  Landlord Nation: Boomers’ New Retirement Plan Is Millennials Paying Rent - Bloomberg:

“We can all agree that there aren’t enough homes to buy, but if you look at rental rates, you can also say there aren’t enough homes to rent."

"... the share of U.S. households that rent is at its highest level since 1965, leading Redfin's Kelman to wonder whether the growing class of new landlords has wrought permanent change on the country's housing market."

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Lake Tahoe real estate: Short-term rentals — long-term problems? | SierraSun.com

"There are huge gaps in the traditional homeowner policy for second homes that should not be ignored. For example, what if a guest was injured while staying at your rental property and claimed you liable? Or, what if a guest damaged or destroyed your rental property as a result of a fire?

With a standard homeowner policy, these claims could be denied. Many insurance carriers will cancel policies if they discover the home is being rented on a short-term basis, typically 30 days or less at the time. If this happens, they’ll just tell you, you’re not covered.

The good news is there are now several preferred carriers that will write the type of policy that Tahoe and Truckee property owners need if they use their home as a vacation rental.

If you’re going to rent out your house, you want to make sure that the home is insured so that you, the owner, can you occupy it and also safely rent it out on a short-term basis."

Link to entire article: Lake Tahoe real estate: Short-term rentals — long-term problems? | SierraSun.com:

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

Incline Village MLS listings are updated every 15 minutes on Realtor.com.  Follow this link to search.

Airbnb Fights for Turf in Hometown San Francisco Housing Wars - Bloomberg Business

Could Airbnb regulations come to Tahoe-Reno?  I'm sure they will, eventually.

I'm definitely on the side of property owners who I believe should be able to rent space using the largest disruptive reservations app.  Yes, some regulation is required when issues such as parking, time limits and taxation are involved.

I'm sure there are good resort town examples of Airbnb rentals operating well within a local government and/ or homeowner association.  A little research would probably reveal interesting reading for property owners.

How are Airbnb renters and owners doing in markets such as Crested Butte, Steamboat, Jackson Hole and the Little Cottonwood area of Utah?  The Bloomberg article concerns San Francisco but, since it is a major tourist destination, watching the citizen concerns and ensuing regulation proposals in instructive for landlords.  Follow the link below to a good article regarding the issues involved.

Quote from the Bloomberg article:  "Supporters of the ballot measure say hotel uses of San Francisco apartments remove affordable housing from the market. Opponents say the practice lets hosts earn extra cash, brings new visitors to businesses and contributes tax dollars to the city. The measure would encourage neighbors to spy on each other, because they can sue over perceived violations, opponents say."

Link to complete Bloomberg article:  Airbnb Fights for Turf in Hometown San Francisco Housing Wars - Bloomberg Business:

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

South Lake Tahoe approves new rules for vacation home rentals | TahoeDailyTribune.com

Could more vacation rental regulations be coming to the North Shore?  If you have an interest in vacation renting your property more paperwork may not be far away.

Tahoe Daily Tribune

South Lake Tahoe Approves New Rules for Vacation Home Rentals (abstract)

"By a 4-0 vote, the South Lake Tahoe City Council approved new regulations governing vacation home rentals during another marathon session Tuesday.

The most recent vacation ordinance drew a lot of debate over the past year as the city attempted to address what it called a balancing act for residents and rental applicants alike.

City Manager Nancy Kerry said the new ordinance will provide a more streamlined process for vacation home rental applications.

Councilman Tom Davis recused himself because of his stake in vacation rental ownership.

Vacation rentals have been controversial topic in South Lake Tahoe for years, sparking a number of debates between long-term residents and real estate and tourist agencies about the impacts of vacation rentals on the community.

South Lake Tahoe has 1,735 vacation rentals inside the city limits... .

The proposed guidelines for new vacation rentals include notifying residents within 300 feet of a property, inspection by the city and a public hearing before the zoning administrator, if someone files a written protest within three days of notification. Kerry called the public hearing a fair addition to the permitting process."

Link to complete article in the Tahoe Daily Tribune:  South Lake Tahoe approves new rules for vacation home rentals | TahoeDailyTribune.com:

Thank you for viewing the Incline Village Real Estate blog. If you require additional information or discussion please contact me via Randy@RandyBull.com.

VACATION RENTAL DEAL ON CRAIG'S LIST

$600 / 2br - 1600ft² - Tahoe June 9-16: Sleeps 6 Incline Village (Incline Village, NV)

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Date: 2012-05-20, 4:43PM PDT
Reply to: bnzkz-3027733726@hous.craigslist.org ^{[Errors when replying to ads?]}

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I have a nonrefundable week booked at Club Tahoe in Incline Village from June 9-16. Due to a family emergency, I will not be able to make the trip and am selling this stay at a huge discount.

Check it out at clubtahoe.com.

$600 for the week or best offer

(please note: no pets are allowed and smoking is prohibited)

• Location: Incline Village, NV
• it's NOT ok to contact this poster with services or other commercial interests

PostingID: 3027733726

NOTE:  This is not my condo rental.  I'm posting it because it came to my attention via Google Alerts and is a great deal.  Contact the owner via Craig's to take advantage of the bargain price.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

Incline Village real estate: Lower-priced condos in demand | TahoeBonanza.com

Follow the link below to read a good analysis of the current status of the condo market here in Incline Village.  Thanks to Don Kanare and the Tahoe Bonanza for the number crunching and publication.

INCLINE VILLAGE, Nev. — The Incline Village real estate market is off to a good start in 2012 with sales occurring in every price range up to $6 million during the first quarter. One sector of the market seeing a disproportionate amount of activity is the lower-priced condos in Incline Village and Crystal Bay.

LINK:  Incline Village real estate: Lower-priced condos in demand | TahoeBonanza.com

A Mountain Shadows Condo Interior - 3 bedroom.  Current pricing in the complex finds units available for less than $300,000.

LAKE TAHOE HOMEWOOD MOUNTAIN RESORT MAKEOVER OK'D

Lake Tahoe Homewood Mountain Resort makeover OKd:  Follow this link to view the full story at SFGate.com (San Francisco Chronicle).




Another major ski resort makeover has been approved here in the Lake Tahoe region.  Homewood will be joining Squaw Valley Resort and Northstar California (recently renamed from Northstar At Tahoe) where major base area development has been completed.

Naysayers cite west shore traffic as a future major problem and I believe I have to agree.  Two lane Highway 89 from Homewood up to Tahoe City will become even more dense with traffic on ski weekends.  Fanny Bridge at the Y will be choked.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog. For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

FIND RENTALS VIA GOTAHOENORTH.COM

Clients and friends often ask me about rentals in Incline and Lake Tahoe in general.  I spent much of my career managing resort properties and rental inventories. 

Follow my RENTAL PAGE LINK at the top of the page to view rental sources for this north shore Lake Tahoe, Incline / Crystal Bay area.  I've established a relatively complete page of sources.

If you would like advice regarding any particular rental listing, area, pricing or other aspect, I am available via Randy@RandyBull.com for comments.

I refer folks to the www.GoTahoeNorth.com website and tell them to search by area.  There one will find site links to the local property management firms with vacation, seasonal (longer than 28 days but less than say 6 months) and long term rentals.  There are relatively few in Incline so it is not too time consuming to check their sites, which are usually current, or call to inquire.

Naturally, there is also a wealth of Tahoe Basin travel visitor knowledge on the site.

SEARCH LODGING RENTALS BY AREA. CALENDAR OF EVENTS AND MORE.

INCLINE VILLAGE LAKE TAHOE CONDOS SOLD (16) YTD as of 3-26-11

INCLINE VILLAGE, NV, LAKE TAHOE, CONDOS SOLD YTD (16) as of 3-26-11

The most recent sale was 141 Village, unit 17, Village Highlands, on 3-25-11. The ask price was $725,000 and the sale price was $725,000. Village Highlands condos are popular because they are relatively large, just over 2,300 s.f. and contain three bedrooms, three baths and an attached two car garage. The complex is very well located. Incline Beach is just a few hundred yards away, the Hyatt Regency Lake Tahoe, about one quarter of a mile. The units are built in town home row style. They are not stacked. Village Highlands units are very good rentals, either vacation, seasonal or long term.  The complex is definitely on my list of best complexes in which to own a condo in Incline.

The sales price is a new low for the project.  At one point in 2008, unit 21 sold for a high price of $1,450,000.  It was completely remodeled and better located than unit 17.  Currently there are no listings in the MLS for units in Village Highlands.

If you would like additional information regarding Incline Village condo sales please write me at Randy@RandyBull.com.

NEW LOW PRICE ON A MCCLOUD 3 BEDROOM

It has been years since I've seen a three bedroom McCloud priced anywhere near the $549,000 asking price of unit 250.  If you know anyone who wants a unit that is extremely walkable to the beach, rec center, tennis center and Hyatt, this appears to be a great deal.

The units in this complex have the benefit of a strong HOA balance sheet and competent maintenance.  McCloud units make great vacation homes and the three bedooms are arguably the best rentals in the village.

Call me at 775-771-7338 to tour McCloud units.  There are currently 16 on the market including 3 three bedroom units.  Write me at Randy@RandyBull.com with particular questions.

McCloud Unit 250

McCloud Active MLS Listings (16)

LINK TO LA TIMES HYATT REGENCY SKI & SPA PACKAGE DEAL - INCLUDES LIFT TICKETS & $100 SPA CREDIT