Does this mean, vacation home owners are trying to rent their properties "longer" term cuz they're short on cash? You do mean month to month, not short term right?
Yeah, I should have clarified. A large percentage of the homes in Tahoe are 2nd homes for people. While some are mainly for vacation rentals, a lot of owners prefer long term renters instead. Also with the current economy, a lot of owners who used to just leave their home empty the majority of the year and only use it for their family are now trying to get long term renters in there to help pay the mortgage. So there are a ton more rentals on the market now as compared to when I moved here 5 years ago.