To provide the best full-service property management for owners and investors, Savvy VRM is constantly learning and sharing the latest tips and strategies for vacation rental management and Airbnb management.
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Whether you’re looking for a challenging climb or a desert stroll, you’re sure to find the best hiking trails in Palm Springs, CA from this list!
Continue reading "Hiking Trails in Palm Springs, CA | Savvy VRM"
Palm Springs Airbnb rules are some of the strictest in the country. If you're thinking about buying a vacation rental property, here's what you need to know...
Continue reading "Understanding Palm Springs Airbnb Rules (for STR Owners & Investors)"
There's no argument the desert is hot but city officials in Palm Springs are disagreeing with how some Savvy owners are dealing with that heat: by utilizing their under-utilized assets to increase ROI on their short-term rental properties.
Continue reading "City of Palm Springs Can't Keep Up with STR Innovation"
The City Council will be discussing whether to place a temporary moratorium on vacation rental permits in Palm Springs at the end of the month. Citing a high rate of growth in applications, the Mayor has expressed concerns about how the city will deal with the booming demand.
Continue reading "Short-Term Rental Moratorium in Palm Springs?"
Airbnb has recently announced an initiative that will see marketing collaboration with the City of Palm Springs and more than a dozen other destinations in an effort to attract more remote workers and lean into the demand for monthly stays.
The "workcation" is an emerging trend that blurs the line between work and play. Vacation rentals have become a top pick for those seeking to explore this new kind of lifestyle, if only for a month or two. Here's how to stay ahead and lean into the new class of travelers.
Continue reading "What is a Workcation and Why Does it Matter for STR Investors?"
What if you get hit by a bus tomorrow? Do you have everything in order—people, paper, systems—so your business stays successful in your absence?
Continue reading "Do you have a contingency plan for your vacation rental property?"
Savvy vacation rental owners are starting to realize that you can do a lot more to advertise your STR than just listing it on Airbnb. Corporate retreats and off-site training events, for example, are finding vacation homes to be a perfect match both in size and price.
Continue reading "Short-Term Rental Properties Being Used for Corporate Retreats"
The key to short-term rental success is not too different than a restaurant or hotel. In this post, we'll reveal the secret sauce that keeps guests coming back!
Short-term rental properties are centered around operations. And property integrity is a major pillar of those operations. Here are a few observations on operational areas you can focus on the rest of this year which will have a big impact on your vacation rental.
Continue reading "Property Care Trends to Be Aware of This Year"
What was once a test to determine the efficacy of unauthorized stays around the country has now become a permanent rule on the short-term rental booking platform. The thing is, rules are made to be broken and this one won't be any different.
Are Airbnb rental properties becoming TOO popular? If you look around at some of the best vacation rental markets to buy in, you may notice a dip in prices. Is that because short-term rentals are saturated, or is there something else at play?
Continue reading "Why Are Prices on Airbnb Falling Around the Country?"
President of Marriott Vacations Worldwide, John E. Geller Jr, said: “We are incredibly excited to debut Abound by Marriott Vacations, which is our gateway for enrolled vacation Owners to embark on exceptional travel adventures around the globe, helping them make a lifetime of meaningful vacation moments with those they care about most.”
Continue reading "Marriott to Launch New Vacation Rental Ownership Program"
What's the difference between Airbnb and other short-term rental marketplaces? It's the experience... In an attempt to further distinguish its inventory, Airbnb is giving away millions of dollars to fund new ideas for creative and inspiring stays. Are you ready to build your next winning vacation rental?
Continue reading "Get $100k for Investing in Your First (or next) Airbnb Property"
When Oahu county decided to change the definition of "short-term rentals" on the island, they essentially banned vacation rental owners from hosting transient guests. Now the people are fighting back saying that the county is imposing changes unlawfully...
Continue reading "Are Owners and Investors Powerless Against Unfair Regulations?"
If you're considering buying a vacation rental in Palm Springs, CA, you'll want to be aware of some important factors that will influence your bottom line.
Continue reading "Pros and Cons of Buying a Vacation Rental in Palm Springs, CA"
When we teach owners how to buy a short-term rental, one of the first things we call out is regulations. We suggest investing in markets that have already passed the regulatory "hump" as we call it. The recent pause in San Bernardino County is just one example of how vacation rental investment properties can get turned upside down real quick. (paywall)
Continue reading "Short-Term Rentals Paused in Joshua Tree and Big Bear"
There's no doubt that Airbnb has changed the game of travel in the past decade. Their design-centered approach to building software has led to insights and features that now govern new ways of searching for what travelers want. As a host or vacation rental homeowner, it's important to acknowledge how these changes impact your small business, both now and in the future.
With the surge in demand for housing around the US, interest rates are rising to adjust for inflation. Does this mean STRs are less profitable, or are there ways to maintain (or even increase) your returns as a real estate investor? Let's look at a case study from an STR developer...
Continue reading "How Are Interest Rates Affecting Short Term Rentals?"
You know that Palm Springs STR rules are some of the strictest in the country. But how does the city go about enforcing them? This article takes you behind the curtain to see exactly how vacation rental violations are dealt with in Palm Springs.
Continue reading "A Day in the Life of an STR Enforcement Officer in Palm Springs, CA"