Coachella Valley vacation rentals
Hello all,
We are considering investing in a vacation rental in the Coachella Valley. Ideally, we'd like to get as much occupancy year around but definitely to get the high rents for the music festivals and other events. We have been looking at Indio and LaQuinta. Any thoughts on any part of STRs in the Palm Springs greater area would be appreciated. Thanks!
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I bought a big estate in south Indio in March (8 bedrooms, sleeps 26, on 2 acres) as a vacation rental, and just got a (more conventional) 2700SF place under contract in Indio as well. Also recently purchased a 6-plex in Palm Springs as a vacation rental. If you ever want to compare notes @Clifton Sheng let me know. Places close to the festivals command much higher rates during the festivals, but much lower rates/occupancies the rest of the year (unless they are super special or unique in some way). La Quinta has a bit better balance and occupancy the rest of the year, and there's some reasonably priced in the Cove.