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I make $12,000 in 8 days renting my home during Coachella – Business Insider

Reyes Corona, 34, is a construction technician and homeowner in Indio, California’s Coachella Valley.
Corona’s normal rental rate is $180 per night. During Coachella, it jumps to $…….

  • Reyes Corona, 34, is a construction technician and homeowner in Indio, California’s Coachella Valley.
  • Corona’s normal rental rate is $180 per night. During Coachella, it jumps to $1,900.
  • This is Corona’s story, as told to writer Jenny Powers. 

This as-told-to essay is based on a conversation with Reyes Corona, a Vrbo owner in California. It has been edited for length and clarity. 

In January, I bought a fully furnished, four-bedroom, two-and-a-half bath home in Indio, California for $545,000. The seller said she often listed her home on the vacation rental marketplace, Vrbo, and that it was extremely profitable — including during Coachella, the annual music festival in the area.

I remember thinking “Why not me?” So, I bought the home from her and began doing the same thing. 

The house was in great condition, and it even came with a detached casita with a monthly tenant

I liked the way the former owner decorated, so all I had to do was buy some new bed linens for the master bedroom. Then, it was move-in ready. I live in the home, so when I rent it, I have to find another place to stay.

Reyes Corona’s house, which rents for $1,900 per night during Coachella.


Courtesy of Reyes Corona


Ironically, the home I’d previously owned was directly across from the Polo Fields where Coachella takes place. Back then, I hadn’t even considered renting out my place for the festival. I guess I should have. 

Over there, they didn’t allow street parking. But at my new place, you can pretty much park anywhere you want. You could even bring an RV if you wanted to.  

To date, I’ve rented my home out five times for $180 per night. During Coachella, it’s $1,900.

It was early February when I first listed the property on VRBO for Coachella in April — $1,900 per night, with a four-night minimum around the dates of the festival. 

Reyes Corona.


Courtesy of Reyes Corona


Within three weeks, a group of four booked it for 4 nights. Two of those nights fall under my regular nightly rate of $180, while the two days closer to the event are running them the $1,900 rate. The renters told me they’re independent contractors and working at the show, which is why they arrived earlier than attendees would.

Then, eight young concertgoers heard about my home through a mutual friend and booked it for 4 nights as well. They’re paying my Coachella pricing for a total of $7,600.

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Source: https://www.businessinsider.com/i-make-12000-8-days-renting-my-home-during-coachella-2022-4

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