Short-Term Rental Market- Yucca Valley/Joshua Tree, CA

[Alexis Yeakel]

Hello!

I'm hoping to hear from anyone who currently has a short term rental in the Yucca Valley, CA area. What are your occupancy rates looking like in and out of season/year round? Is a short term rental still profitable in this area or is the market over saturated?  I know 6 months ago there were only about 30 short term rental permits still available and now there are 91 in Yucca Valley (since there is now a cap on permits). This makes me wonder why so many short term rentals have recently left.

I have a 2 bd/1 ba property on 2 acres of land in Yucca Valley that is 7 minutes to the park entrance. I have been on the fence if I should offer it as a long term or short term rental. I've just finished a down to the studs renovation so it's a beautiful little home (more cozy and timeless than trendy/artsy), but doesn't have a pool or hot tub.

I'm also finding short term rental insurance policies to be so expensive in this zip code, making it that much harder to profit on a short term rental. If you're pro short term rental, I would be so appreciative of any recommendations on insurance companies that offer coverage here, maintenance, and housekeeping connections in the area.

Thank you so much in advance for any insight you can share!

-Alexis

[Michael Baum]

From what I have read @Alexis Yeakel, there has been so much influx of STR owners in the area that it has driven the nightly rates down for most owners. So many bought at the height of the market expecting 2020-2022 returns. Now they are finding out what the real return is and they can't afford to keep the places.

Plus the permit issue as well.