Are you considering investing in a short-term vacation rental in the Coachella Valley – Indian Wells?
Indian Wells is changing its city policy on short term rentals.
On December 31, all owners renting out their properties will be required to only book to tenants committing to a 29-night minimum, except during the BNP Paribas Open, when shorter-term rentals will be allowed.
Previously, property owners who were issued short-term rental licenses/permits in July 2015 were grandfathered in and allowed to have guests stay for as few as seven days. Additionally, properties that belong to Home Owner’s Associations can opt-out of the city’s policy.
“Property owners still need to get a short-term rental license/permit, pay the quarterly transient occupancy tax and abide by all other regulations of the ordinance,” read the city’s release on the change.
For more information on the city’s policy, go to www.cityofindianwells.org/rentals.
If you are considering to buy Short-term Vacation Rentals in the greater Palm Springs area, make sure you are familiar with and understand the ordinance and regulations fully. These regulations are meant to protect the neighborhood, property values – your future investment! And talk to fellow Vacation Rentals Investors or Real Estate Agents – your local experts.
Short-Term Vacation Rental Information and Ordinance by Cities