There are a number of things to consider when thinking about buying and owning a vacation rental property in the Greater Palm Springs and Coachella Valley desert area. These properties can include Condos, Single Family Homes, Luxury Homes, Country Club Homes, as well as homes in Retirement Communities.
Condos: Some believe that offering daily and weekend rentals can provide the greatest income potential, but are labor intensive. Others believe that using the 30-day minimum model still offers good income potential and less hassle and wear and tear. Others prefer to self manage, while some would much rather procure a very good vacation property manager. Remember, Condo Communities usually involve Home Owner Associations, Condo By-Laws and Rules and Regulations that may affect your vacation rental activity.
If you are looking to purchase a luxury home or condominium as a vacation rental property, we can assist. Or, if purchasing a vacation rental property with a proven track record, booking, income and expense history, as well as possible current or future reservations sounds appealing, we can help with that too. Contact information can be found below.
Here is a brief summary of those kinds of properties and locations:
Condominium Communities:
There are literally hundreds of condominium communities located throughout the Greater Palm Springs Coacehlla Valley area. Some are gated, others are not. Many are built around golf courses, while others are not. Many include tennis amenities. Almost all condominium communities will include community swimming pools and spas.
Condominiums for Sale (select any link below to view current listings of condos for sale):
Palm Springs Condos
Single Family Homes: Others believe that purchasing a home offers far more flexibility with respect to the length and term of rental periods without the hassle of Home Owner Associations, Condo By-Laws and Rules and Regulations that may affect your vacation rental activity. The same business models may be applied as with condos and owners may self manage, while some would much rather procure a very good vacation property manager.
Single Family Homes (select any link below to view current listings of luxury homes for sale):
Palm Springs Homes (Alexander, Mid-Century Modern and other significant architectural styles here can be huge draws for this unique City)
Luxury Homes: The same business models may be applied to luxury homes as with condos and owners may self manage, while some would much rather procure a very good vacation property manager. Because of the higher price range of luxury homes, income and expenses can, of course, be greater as well.
Luxury Homes (select any link below to view current listings of luxury homes for sale):
Country Club Communities (select any link below to learn more about various Country Club communities and to view current listings of Country Club homes for sale):
Retirement Communities:
There are six retirement communities located in the Greater Palm Springs Coachella Valley area. Most retirement communities include an amazingly broad array of social activities and amenities. Referred to as 55+ communities, the minimum age for at least one home owner must be 55 years of age. (select any link below to learn more about various Retirement communities and to view current listings of Retirement Community homes for sale):
Four Seasons (Palm Springs, Gated) (Please Note: Listings may appear for Four Seasons in other Cities as well.)
Heritage Palms (Indio, Gated)
Sun City Palm Desert (Palm Desert, Gated) (Please Note: Listings may appear for Sun City in other Cities as well.)
Sun City Shadow Hills (Indio, Gated)
Trilogy (La Quinta, Gated)
Villa Portofino (Palm Desert, Gated)
Please look over the multi-part blog series, “Buying a Vacation Rental Home in the Greater Palm Springs Area”. There are many, many ways to self manage a vacation rental, use full property management or do some combination of both. We have good companies and managers to recommend, most of which depends on the area, building and price level and your comfort level.
If you are looking to purchase a home, luxury home or condominium as a vacation rental property, we can assist. Or, if purchasing a vacation rental property with a proven track record, booking, income and expense history, as well as possible current or future reservations sounds appealing, we can help with that too.
Please feel free to contact us to discuss further.
Please call Doug Fischer at 760-641-8401 or email:
douglasfischer@earthlink.net