12 min listen
1349 - Surge Pricing: How You Can Reap the Benefits of High Short-Term Rental Demand by Liz Zack
1349 - Surge Pricing: How You Can Reap the Benefits of High Short-Term Rental Demand by Liz Zack
ratings:
Length:
9 minutes
Released:
Jun 24, 2024
Format:
Podcast episode
Description
During much of the year, this short-term, two-bedroom rental in Indio, California, a lovely, quiet, desert town about 35 minutes past Palm Springs, hovers around $172 a night. That is, until mid-April every year when thousands of revelers descend on the world-famous Coachella music festival, the listing says it is a 17-minute walk away.
During those weeks, this very same rental commands $808 a night. That’s more than a 369% increase, and it’s the same for every rental in the area, in every price range—for example, $410 goes to $756; $2,300 goes to $6,386, etc.
Learn more about your ad choices. Visit megaphone.fm/adchoices
During those weeks, this very same rental commands $808 a night. That’s more than a 369% increase, and it’s the same for every rental in the area, in every price range—for example, $410 goes to $756; $2,300 goes to $6,386, etc.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jun 24, 2024
Format:
Podcast episode
Titles in the series (100)
729 - What Tom Brady Can Teach Us About Real Estate Investing by Paul Moore by BiggerPockets Daily