North Shore CA UPDATE 9/10/2021 On July 27, 2021, the Placer County Board of Supervisor’s approved an Urgency Ordinance enacting a 45-day moratorium on new STR permits. No new permits will be issued during the moratorium. We are unable to advise if the moratorium will be lifted in 45 days…
VACATION RENTALS
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UPDATE 7/15/2021 On 6/3/2021 the Douglas County, NV County Commissioners adopted a new Vacation Rental ordinance. The new ordinance is effective on 7/15/2021. Important changes include: Cap of 600 VHR permits allowed (cap already reached) LLC, Corporations, partnerships may not apply for a permit At least $500,000 in general liability…
THE CAP In January 2021 the El Dorado County Board of Supervisors voted to put a CAP in place for vacation rental permits. The CAP they set was 900, and we had approximately 740 current permits at the time. Over the next few months, with a very hot real estate…
With all the recent changes being made to rules for short term rentals (vacation rentals) around Lake Tahoe, many clients have been asking us what investment options might still be available.
Lake Tahoe is a prime Vacation destination for people around the world. More and more vacationers are using Vacation Home Rentals (VHR’s) instead of staying in hotels and motels. Demand for VHRs is expected to continue to increase. Want to know what areas are best for VHRs? What characteristics make…
The City of South Lake Tahoe, CA and the area outside the City limits in El Dorado County have some of the most strict rules for VHRs in Lake Tahoe. But there are still opportunities for vacation rentals in South Lake Tahoe. You just have to know what the rules…
Where are the best Vacation Rental areas in Lake Tahoe on the Nevada side? As you may know, Lake Tahoe is divided by the CA and NV state line. The California side has the majority of built out communities. However the Nevada side offers some very unique spots that are…
Purchase in the County versus the City All owners of vacation home rentals in South Lake Tahoe, that are rented for a period of 30 consecutive days or less, are required to apply for a Vacation Home Rental Permit from the local jurisdiction. There are multiple jurisdictions in the basin. Today we…
Interested in a Lake Tahoe Investment? Many of the homes that you come across in the South Lake Tahoe area are owned by a private party and rented as a vacation home. As a result there has been a long debate in the town as to how many vacation rental homes vs.…