Tips on Buying an Investment Property in North Lake Tahoe and Truckee
North Lake Tahoe and Truckee are amazing locations for investment purposes, with year round activities, this is an area that’s appealing for an active and relaxing get away, for beach lovers and skiers, for adventure and romantic vacations.
Are you looking into investing in a North Lake Tahoe or Truckee property? Here are a few tips for you to consider that will make it a great decision. Choosing between North Lake Tahoe or Truckee may seem like an easy task, let me just say that if your purpose is personal use and vacation rentals when you aren’t using your second home here are a few thinks to consider:
- Is your family a skiing one, if so, choose a vacation home that’s closer to Lake Tahoe, Truckee being a popular destination in the winter time, max out on rental income during the summer by using the place mostly in winter.
- And if you love spending time by the lake I would suggest Truckee, for one there is Donner Lake that has great beaches and boating, so this way you’ll have the place on the rental market during the winter months.
- If you enjoy summer in North Lake Tahoe just as much as winter then just choose the area you love most but try to keep open the biggest holidays like 4th of July, Christmas and New Years, Labor Day and Presidents Day as these are the most desirable and the nightly rent is highest.
- When it comes to the six of the house, larger homes, 3-6 bedrooms that sleep between 10-15 people are in high demand, you can get the whole family together to join on the trip, you can have a reunion, so larger homes offer more flexibility.
If you have have any questions on Investments Properties in North Lake Tahoe or Truckee or are looking for a Property Management Company for your new home, please don’t hesitate to contact us at 530-562-4242, we work closely with many Real Estate Companies in the area and can refer an Agent to you.
Send us an email with the property you’re interested in to get our professional opinion and a market analysis before you close the deal, we’re here to help.