Mark Sobcyzk and Associates has sold in excess of $200 million in Big Bear homes over the past 10 years making us one of Big Bear's premier real estate teams.
With more than 10 years of sales, marketing and advertising experience we formed the Sobczyk Group in 2002 and teamed up with First Team Real Estate to bring our brand of service and expertise to the business of residential real estate sales in Big Bear Lake.
Earning Top Producer status our first year in operation, we have won First Team's coveted Hall of Fame Award every year since 2003. By evolving with technology and ever changing market conditions, we continue to remain at the forefront of the fast moving real estate market.
With a focus on Big Bear Lake and Palm Springs, we are committed to being the most productive, innovative, strategic and service-driven residential real estate practices in the Big Bear Valley.
Please contact us so that we may ascertain how we can help you find your dream second home, home site or market your current residence. Whether you are a first time home buyer looking for that special property to call your own, or an experienced seller seeking to optimize your net, the Sobczyk Group is ready to meet your needs- and exceed your highest expectations.
The Sobczyk | #1 in Customer Satiisfaction in Big Bear Lake | 909.289-0863
First Team Real Estate | 40717 Big Bear Blvd | Big Bear Lake, CA 92315 All information deemed reliable but not guaranteed.
Let's talk about real estate in Big Bear and how you can have a beautiful mountain home that brings you income when you're not using it. This is called the vacation rental business. I believe this is one of the most economical ways to own a home in Big Bear. Let me go over the benefits that I see; let's say you purchase a house for $300,000 and you put 20% down which is $60,000… which leaves you with a mortgage of $240,000 and at today's rates with taxes and insurance that's around $1,800.00 per month times 12 months which is $21,600 let's just rounded off to $25,000 a year, adding some utilities and general maintenance. Now our biggest time for vacation rental is the ski season, this is when everybody comes up to enjoy our winter wonderland which is between November and April; approximately 180 days through winter and spring that you have an opportunity to rent your home. Evidently the weekends and holidays will be your most profitable days possibly giving you additional 50% more rental earnings.
So let's do some math and be a little conservative, let's say you can get 60 to 85 days out of those months. And on the average you get $250 a night. As mentioned previously more on the holidays, but let's go with $250. For the average 60 nights @ $250 equals $15,000. Not a bad income. Hire a management company, (they usually charge you 30%), which would equal around $4,500. You end up with $10,500. You will also make money in the summertime; however it will not be as consistent as the wintertime. Now you don't necessarily have to hire a management company, you can do it yourself through a church bulletin, office bulletin or your local newspaper. It all depends on what your time is worth. I have clients that manage their own properties and do a great job and I have clients that go through management companies and they don't have to worry about anything and just get a check, (personally I don't like to worry about managing the rental property therefore I let them do what they do best.)
If you find a company that you like doing business with and the renters are happy, they tell their friends, over time instead of having 60 nights rented you'll have 120 nights. Let’s not forget about the large tax benefits you can acquire with a rental property. For specific information on tax deductions please contact your accountant or CPA. I strongly urge anyone who is purchasing a home in Big Bear as a second home to place the property on a rental program or as mentioned before doing the managing yourself; by doing this you alleviate yourself of having higher monthly debt in allowing the home to help pay for itself.
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