Airbnb Investment Homes In The Palm Springs, CA Area

[David G.]

Hi Everyone

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!

Dave

[John D.]

     There are still some HOAs and other developments in Palm Desert that will allow rentals, as well as some homes in the El Paseo overlay where they are allowed.  If they do end up taking away our R1/R2 licenses those homes may see increased revenue with less competition.  Still some niches in PD.  I also suspect we have a chance at getting the ordinance changed before the end of 2019, given the recent turn of events in Palm Springs, although I wouldn't buy while banking on that.

--John