Vacasa gives 3 things to do when buying a vacation home in the desert
having your own place to get away that is set up exactly the way you like it (you’ll be amazed at how many friends and family you suddenly have when they find out you own a vacation home in Palm Springs); and, if you hire a professional manager, a local team will take care of the property for you. Between the tenants, the manager, the cleaners and you, there will be many eyes on the property on a regular basis, which is preferable to the property unoccupied for long periods of time. Many homeowners who live remotely do not have the capacity to take care of the day-to-day property management, so by partnering with a professional local manager, they can be sure to comply with local rules and be a good neighbor. Plus, there are potential tax benefits to renting out your vacation home, as you may be able to write off some of your expenses, including management and maintenance costs. As always, you should consult your tax advisor about your specific situation and options.
What’s the best way to find the right home that could make a successful vacation rental?
Think about what is important to you in a vacation home, such as which part of town you prefer and how many bedrooms you will need for yourself, your family, or your friends. Next, consider your budget and what amenities customers are looking for. In Palm Springs, a heated swimming pool is a must and a spa is highly desirable. And being within walking distance of popular attractions is a big plus. Next, start researching the candidate properties that you and your real estate agent identify, and ask your vacation rental manager for feedback on the properties at the top of your list. Between your real estate agent and your rental manager, they can guide you to a property that best meets your needs and income goals, and that is marketable to vacationers as well.