Do you own a STR in Joshua Tree, Palm Springs or Big Bear Lake?

[Shawn Ward]

BPers,

Do you currently own a vacation rental in Joshua Tree, Palm Springs or Big Bear Lake?

If so, I'd love to have you answer the below questions:

1. What are the 3 best things about having your rental property(s) there?

2. What are the 3 worst things about having your rental  property(s) there?

3. If you could start over, would you still invest in this area?

4. If you were me, someone who is looking into these areas what would you suggest as I begin looking the buying process?

Thanks so much!!!

Shawn

[John D.]

       I have a few large homes south of Palm Springs, and we have done extremely well.  With that said, there is a constant threat of a change in regulation, and my Palm Desert property will have it's short term license taken away at the end of 2019 (along with all R1 licenses) if the laws stay as they stand.  My first purchase in the area a 6-plex in Palm Springs they outlawed rentals on a few weeks after I bought it.  Definitely an area where you need an ear to the ground with regards to each cities, and not for the faint of heart!