{"id":7200,"date":"2019-01-08T10:50:16","date_gmt":"2019-01-08T18:50:16","guid":{"rendered":"http:\/\/www.destinationbigbear.com\/blog\/?p=7200"},"modified":"2023-03-02T09:16:41","modified_gmt":"2023-03-02T17:16:41","slug":"frequently-asked-questions-for-new-homeowners","status":"publish","type":"post","link":"https:\/\/www.destinationbigbear.com\/blog\/frequently-asked-questions-for-new-homeowners\/","title":{"rendered":"Frequently Asked Questions for New Homeowners"},"content":{"rendered":"<h1>FAQ for New Homeowners<\/h1>\n<p>We get a lot of frequently asked questions for new homeowners about adding their homes to our program, we wanted to make it a little easier for you to find the answers to your questions. Here is a list of the most asked and the answers&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p><b>Question:<\/b><span style=\"font-weight: 400;\"> What is your management fee? I\u2019m sure it varies, but can you provide some sort of range? <\/span><\/p>\n<p><b>Answer: <\/b><span style=\"font-weight: 400;\">27%<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Question: <\/b><span style=\"font-weight: 400;\">What is your typical occupancy rate? I\u2019m sure that varies by month but, again, any info would help.<\/span><\/p>\n<ol>\n<li><b>A) <\/b><span style=\"font-weight: 400;\">I can rent a home out and gross $100,000 and we make $27,000 with 250 days a year<\/span><\/li>\n<\/ol>\n<p><i><span style=\"font-weight: 400;\">Or <\/span><\/i><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<ol>\n<li><b>B)<\/b><span style=\"font-weight: 400;\"> I can rent a home out and gross $60,000 and we make $15,000 with 120 days a year&#8230; <\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">In each case, you might net $30,000 depending on utilities and wear and tear&#8230;. \u00a0\u00a0proposition <\/span><b>A<\/b><span style=\"font-weight: 400;\"> is better for me, \u00a0proposition <\/span><b>B<\/b><span style=\"font-weight: 400;\"> is better for you and a better long term solution for both of us.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The process of putting down 20% and trying to cash flow, for the most part, is over in Big Bear, \u00a0prices have gone up too much. There are many buyers that have bought homes for $500,000 in the past two years with cash, and the homes gross $60,000 and they net $30,000 after commissions, utilities, wear and tear and before property taxes (offset with depreciation). Homeowners then are very happy with $30,000 on $500,000.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">75% of your revenue can be generated during the busy season from 11\/15\/ to 3\/15&#8230;and if you plan on using it during those times&#8230;it will be tough to generate high revenue. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FAQ for New Homeowners We get a lot of frequently asked questions for new homeowners about adding their homes to our program, we wanted to make it a little easier for you to find the answers to your questions. Here&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":7211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1245],"tags":[255,293,277,262,309,310,312,311],"class_list":["post-7200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-blogs","category-faqs-and-forms","tag-big-bear","tag-big-bear-lake","tag-dbb","tag-destination-big-bear","tag-faq","tag-frequently-asked-questions","tag-homeowners","tag-new-homeowners"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Frequently Asked Questions for New Homeowners<\/title>\r\n<meta name=\"description\" content=\"Here are our most frequently asked questions for new homeowners and the answers.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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