Are you considering investing in a short-term vacation rental in the Coachella Valley – Palm Springs area? Thanks to online rental platforms like Airbnb, short-term rental business is getting easier than ever. Some of our clients who purchase 2nd homes here in the desert would like to rent it out to when they are not using it themselves.
Cities in Coachella Valley have passed or will attempt to enforce restrictions on short-term vacation rentals, and if you are a short-term vacation rental Investor, you have to pay attention to what is happening with these rules.
After studying the impacts of Short-Term Vacation Rentals (STRs) within the City of Palm Desert, on December 14, 2017, the City Council approved amendments to the existing STR Ordinance.
The new ordinance prohibits new STRs within the R-1 and R-2 zones. All existing permitted STRs within the R-1 and R-2 zones have until December 31, 2019, to operate. After that date, all STRs will be prohibited within those zones.
Click here to direct you to a map showing permitted STR areas.
The amendments also included a fine for violators who are operating an STR without a valid permit up to $5,000 for the first citation and each additional citation. The City has the right to refuse the issuance of any new or renewed STR permit for the cited property and/or to the cited owner and/or operator anywhere else within the City.
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