Vacation rental occupancy in Indio, CA
I am thinking of buying a property in Indio to use as a vacation rental. Ideally it will be a 4 bdr with a pool that will be ready to rent by early April. I think I can break even for the year on a few of the big weekends - Coachella & Stagecoach. But I would like to make some money. Does anyone know what kind of occupancy rates Indio has?
Nearby Palm Springs has an incredibly high occupancy rate - so high that the local government is capping it at about 36 rentals per year. That would be 75% if I did weekly rentals. I doubt Indio has anything like that but I haven't seen any reliable data. Does anyone know where to find this information?