Any one got any experience with Indio, Riverside, California

[Catherine Underwood]

It seems like a popular place as it's near the festivals (especially if you rent it out as a short stay vacation rental).

However, at the same time, I notice that property there takes a long time to sell.

Any one got any experience that they would like to share?

[Mark Futalan]

@Andrew R.

Ok that's what I figured. A couple other things. Your nightly rate is a little low for a 4 bedroom house. Does it have a pool? I assume you could easily get $200-$300/night for a house that size and more if you have a well themed and tons of amenities. Also what occupancy rate are you using? STR's are a little different in that most cases, your not booked 100% of the time. I strive for 50-80% on most months with premium rates. Also there is a seasonality involved with March and April typically being our highest performers due to the events happening during that time. If you do decide to go property mgmt, make sure you go with one with a good reputation because reviews are everything with STR's. If you do ever decide to self manage, reach out. I have 2 that I manage with a full time job and family. It's not as challenging as it seems especially with automation. Best of luck.