The temperatures are dropping and the weather services are predicting our first snow in the high Sierra Mountains this week. Fall is here and the snow boarders and skiers will soon be back on the slopes.
This past weekend I was in our office and I was talking to Debbie Milani, Vacation Rental Property Manager-Owner and she reminded me to let my Tahoe clients know that now is the time to get their properties on the vacation rental list for the upcoming “Tahoe Ski Lease” season.
A Tahoe ski lease is a winter monthly rental, which may begin as early as the 1st of November, and can end as late as May. It can also be a shorter period of time beginning right after New Year’s Eve and ending in March. It all depends on what period of time the Tahoe property owner isn’t going to use their property, and how much income they are hoping to generate.
Tahoe property owners that know they will not being using their property at all during the winter season that want to generate some income to off-set operating costs, often ski-lease their Tahoe cabin, condo, home, or lakefront property rather than just closing the property up for the winter.
Those Tahoe owners that want to use their property during the ski season, or for the major holidays, but still want vacation rental income select the vacation weekend/weekly rental periods rather than the ski lease option.
Our Tahoe winter season started early last year with heavy snow on the ground before Thanksgiving. Many are hoping for the same thing this year as our phones have begun to ring and our on-line bookings are picking up for our premium winter vacation rental periods.
October may seem too early for many of us to think about the upcoming winter season, but those potential renters that want to ski this year are already busy searching the internet, walking into our local real estate offices and inquiring about the availability for ski lease rentals for the 2011-2012 winter season right now.
Talking with your Tahoe vacation-resort second home property manager now will allow you to maximize your income opportunities to get the best bookings for this upcoming season.
Overview and summary completed by:
Laura A. Allen | 530.414.1260 | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
Coldwell Banker, Tahoe City, CA CalRE#01908304