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Updated over 3 years ago,

User Stats

35
Posts
16
Votes
Logan Knight
Pro Member
  • Investor
  • Boise, ID
16
Votes |
35
Posts

Cathedral City/Palm Springs Short Term Rental Management Company

Logan Knight
Pro Member
  • Investor
  • Boise, ID
Posted

I just purchased a truly turnkey fully furnished 3/3 1841 sq ft villa in Desert Princess. I have been working to educate my self on all the rules and regs for short term renting a home in Cathedral City. Desert Princess does allow for a minimum of 3 day rentals and I am starting the paperwork to get my short term rental license. We currently reside in Boise ID and don't have a network of home care professionals to feel comfortable managing the property from this far away. We may get there but to get our rental off the ground and start off with the right foot and hopefully positive reviews we want to work with a property manager. 

We just left the property and we will have it completely ready to rent by late July. We met with a local (onsite in DP) property manager while we were in town but his model is more focused on month+ rentals in the winter months. We feel like there is more revenue potential in STRing it plus it gives us more flexibility to use the property a few times a year. We think this also gives us our best chance at a decent return in the summer months. With all the regulation throughout the Coachella valley for STRs we've seen pricing surge on nice rentals that people don't have to commit to 29 days of renting. We also know this comes with more maintenance and higher property management cost. 

Does anyone have a property management company they currently use for a STR in the Palm Springs area that they use and would recommend? What rate should we expect? I would always choose a local company with great reviews and experience over a national outfit. Any help here would be greatly appreciated!!

  • Logan Knight
  • Loading replies...