I am a professional Airbnb investor and host of over 4 years. I love the people and forum of Bigger Pockets and its an honor to write my first post on here. I've been learning on Bigger Pockets for some time.
I am currently managing 30 Airbnb properties across the country. I now want to start purchasing properties within driving distance of my home in Los Angeles, CA
Based on research, the Palm Springs adjacent market (Desert Hot Springs, Palm Desert, La Quinta, Coachella, ) look like a good bet based on cost of ownership, Airbnb/VRBO revenue, regulations, and proximity to myself.
Are there any full time short term rental owners in the desert areas on here? If so, please let me know your thoughts and how pleased you are with the way things are going.
Any Airbnb investment expert real estate agents in the Palm Springs, CA /Desert areas? Please comment or PM me.
Really appreciate it!
Recently purchased for STR in LQ.
@Kevin Murphy How is it doing? Is it worth it? PGA West?
Opened up the listing only last Friday. Booked 85% for remainder of March already. ADRs & occupancy are solid despite no review history... too soon to see seasonality trends but so far so good. Decent pool of cleaners with turnover experience. Happy to connect to discuss further
Lets definitely talk., Appreciate it.
As I understand it, the City of Palm Desert votes not to issue new permits/licenses for STRs in R1 and R2 neighborhoods.
Pre-existing licenses sunset at end of 2019
Have a few places there. Very successful if you have the right places. But.. all cities are changing their regulations very quickly. He's right about Palm desert, Palm Springs already did add serious restrictions, and others a likely to make changes.
Is there one particular neighborhood in the desert area that does better than another? I’ve heard other users post that it’s better to stick with Palm Springs because you’ll see more year round bookings? What are people’s thoughts on this? Properties outside PS are cheaper to buy...
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