South Lake Tahoe is located along the southern shoreline of Lake Tahoe, one of the ten deepest freshwater lakes in the entire world. It is the largest city in El Dorado County, one of northern California’s most scenic and historic year-round tourist destinations. With miles of natural hiking trails, pristine northern Californian wilderness to explore, a close proximity to the state of Nevada, and a mixture of both rustic and suburban rental properties available for the discerning vacationer, South Lake Tahoe is truly one of the best places in the country to spend a few days relaxing, away from the cares of modern life… or, to own a rental property, to be made available for just such an eager vacationer.
Property Management Options
When renting out an expensive, luxurious property in South Lake Tahoe, one would be well advised to take advantage of one of the area’s several major property management firms. The reasons for paying someone to manage your properties for you are many. It is of course possible to own and lease your property personally, particularly if you live within the greater South Lake Tahoe area yourself, but it should become readily obvious as to why the choice to go with a rental management agency will ultimately pay for itself.
- Verification: A property management agency has connections. It pays to process professionally conducted background checks in bulk, which means it’s far more affordable than it would be for you to undertake such actions on a case-by-case basis when considering multiple clients.
- Downtime: While you’re interviewing potential tenants, performing basic maintenance, or cleaning house in between guests, your property is going unused. During such time, it is not generating any revenue for you. A property management firm maintains an ongoing list of verified, checked, and trustworthy renters who are looking for a place to stay; you don’t have to worry about somebody finding your property. The property management firm will guide them right to you, in numbers which you would be hard-pressed to handle yourself.
- Repairs & Maintenance: The more luxurious accommodations and expensive amenities you have on offer for your guests, the more likely that something, at some point, is going to break down… be damaged, however accidentally… or otherwise require repair work and maintenance. A property management firm will have the right local connections to get an expert repair worker out to your property immediately, fixing problems as they are reported by your tenants, all without your express personal involvement.
The Obvious Choice
It becomes clear, upon examination, that a property management firm is the right way to go when renting out a luxury property in South Lake Tahoe. The prospective headaches from handling even a single property – to say nothing of handling two or three at once – are lifted from your shoulders, leaving you with little to worry about… apart from managing your income.