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.
The 3 main considerations you must know in order to understand, plan and prepare for leveraging your Truckee-Tahoe property for rental income are as follows:
- Rental Regulations per Community: Each community has their own set of policies and procedures for renting out your property. Knowing which community will allow for renting and
- Carrying Cost Analysis: Calculating the rental revenue in Truckee is much more involved than simply adding up the Gross Rental Revenue, there are some 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