Lake Tahoe Rental Properties
Lake Tahoe rental properties provide a once in a lifetime opportunity
to enjoy a magical paradise perfectly matched with compelling investment
potential!
Lake Tahoe rental properties are nestled in a pristine and dramatic
outdoor environment located close to some of the most rugged and beautiful
scenery in North America and just a few hours away from vibrant San Francisco,
California and the glitz and sparkle of Reno, Nevada.
Natural Beauty & an Investment Natural
Spectacular mountains, breathtaking panoramic views, 300 days of sunshine
and one of the largest fresh water lakes in North America offer a gracious
entrance to your own piece of paradise.
Imagine your own Lake Tahoe rental property where the snow covered meadows
and peaks below offer miles of pristine and easily accessible terrain to the
outdoor enthusiast…
During ski season, thousands of people from all over the world, flock to
the slopes for some of the best skiing in the world. And during the summer
thousands more come to Tahoe for full days of boating and water activities,
biking, hiking, camping, rock climbing, parasailing, horseback riding, golf
and adventure limited only by your imagination. They all need to stay
somewhere.
Rental Properties that “Pay for Play”
The second home and vacation home market is the nation’s fastest
growing real estate market and Lake Tahoe, as an international recreation
destination remains on top of the recommended investment areas. The
boomer generation continues to want property that pays for the play.
There are lots of ways to say “the best” but the simple
fact is Lake Tahoe rental properties are unique!
Throughout the decades, Lake Tahoe rental properties have consistently
grown at a rate higher than the state and national averages. The national
median existing-home price for all housing types is expected to rise
another 6.1% in 2006. At this time, South Lake
Tahoe’s median price is comparable to that of the national median,
which is pretty amazing when one considers its status as an internationally
known resort.
Rentals for the “Rolling Boom”
Will the real estate value of Lake Tahoe rental properties continue to grow?
One of the strongest indicators of an area’s investment potential
has to do with demographic shifts called the rolling boom.
This is when an area grows due to its affordability compared to its pricey
neighbors. How does this rolling boom affect Lake Tahoe rental properties?
Lake Tahoe is sitting centered among predicted major real estate hot spots.
Nevada is growing four times faster than the United States and is predicted
to double its total population by 2023. Reno, Nevada is currently rated #6
on the Metro Growth list. Likewise, consider the Bay area and its
affordability “challenges.” Or, Sacramento, California which
was recently named as being one of the “soon to be” neighboring
markets.
When purchasing Lake Tahoe rental properties for income purposes, an investor
has two options that can produce great results.
- Vacation Rental or
- Full Time Rental
The advantage of a full time rental lies in the consistent income while the
tenant pays most utility bills. There is a shortage of full time rentals
in the South Lake Tahoe area resulting in almost a zero vacancy factor.
The average rental will bring in close to $400 - $500 per bedroom.
While the income from a vacation rental may not be as consistent,
its potential for income can be much greater AND allow for personal use.
There’s more in Lake Tahoe than natural beauty and two seasons
of visitors and thus two seasons of strong income from Lake Tahoe rental
properties. Lake Tahoe is a great real estate market is likely to offer
some of the best capital appreciation anywhere. |
