Truckee-Tahoe’s luxury communities are largely home to 2nd homeowners who travel to the area for the beautiful Summer days spent by the water and the picturesque Winter days spent on the slopes. And because of the consistent year-round visitation to the area, homeownership is actually more attainable than you would think.
Typically, the second question I get after “how much is this home?” is, “can I rent it out?”
The 3 main considerations you must know in order to understand, plan and prepare for leveraging your Truckee property for rental income in luxury communities, like Martis Camp, Schaffer’s Mill, Lahontan, Gray’s Crossing, Old Greenwood, Mountainside and Northstar, are as follows:
- Rental Regulations per Community: Each community has their own set of policies and procedures for renting out your property. We’ll walk you through each community’s short-term rental (STR) policies.
- Carrying Cost Analysis: Calculating the rental revenue in Truckee is much more involved than simply adding up the Gross Rental Revenue, we’ll provide you with other key figures you should also consider in order to calculate how to cover your homes carrying costs each year.
- Property Management Options: There are a ton of management options you can take advantage of in order to earn consistent income on your Truckee property.
Download the complete guide to all of the rules, regulations and carrying costs associated with buying an investment property in Truckee below:
Unsure of each community’s HOA dues, Membership Fees, Local Taxes and other costs? Download the 2020 Truckee Community Fact Sheets below:
My job is to make sure you end up in the community that best fits your needs and the home that best suits your budget. Don’t hesitate to contact me to discuss your next steps today!