Palm Springs just made it harder to profit with a vacation rental

[Phillip Vaughan]

It's not surprising that Southern California is largely against short term rentals, as restrictions have increased over the years in places like San Diego, LA, Big Bear, and also the Palm Springs area, which is a very popular vacation destination. Yesterday the Palm Springs City Council voted in additional restrictions on the number of bookings per year, number of permits allowed per neighborhood, and also created a new "Junior" permit which allows 6 bookings per year and bypasses the cap on neighborhood permits.

Im curious if this will change anyone's strategy in the Palm Springs market or are there those of you still able to turn a profit despite the new restriction on the number of bookings? How is this affecting those of you investing in the area?

Here is a link to the Desert Sun article: https://www.desertsun.com/stor...

[Nathan Gesner]

Quote from @Phillip Vaughan:

The junior permit allowing six bookings per year is interesting. Who's going to keep count?