A Flunking Grade (F-50%) For U.S. Home Insurance Carrier Reviews

As modern consumers, we are blessed with infinite information with regards to our buying decisions. From online reviews to in depth blog articles, we can research as much or as little as we want on just about anything we purchase. Why as a society do we spend hours researching the the largely inconsequential items such as shoes or backyard patio furniture, but virtually no time researching the very consequential items [...]

By |2022-04-16T18:40:58-06:00April 6th, 2022|Short Term Rental Insurance|

Surveillance is a Bad Look for the Vacation Rental Industry

Both Airbnb & Vrbo promote their "free" liability insurance which extends to all bookings via their platforms. However, both specifically exclude violations of privacy, as seen below. EXCLUSIONS - Personal and Advertising Injury: Injury or alleged injury caused by slander, libel, violations of privacy, advertising, or wrongful eviction. If their free liability insurance does NOT COVER any potential liability exposure for invasion or violation of privacy, such as Airbnb security [...]

New Rules Passed in Burlington, Vermont Which Include Limiting Short-Term Rentals

The Burlington, Vermont City Council passed the new ordinance on February 22nd, 2022. The hope behind the new ordinance is to curtail the practice of buying properties that will be strictly used as investment properties and short-term rentals.  The Vermont Short-Term Rental Association states that this ordinance prohibits any STR that is not a sublet of the owner’s or tenant’s primary residence unless another unit under the host’s ownership [...]

By |2022-03-30T11:16:54-06:00March 3rd, 2022|Short-Term Rental Regulations|

How to Find the Right Short-Term Rental Space

Getting into the world of real estate investment and short-term rentals can be a great way to establish an additional income line while also building relationships with members of your community. How many times have you thought about investing in a short-term rental, but you didn’t know where to start? Platforms like Airbnb, TripAdvisor, and Vrbo have revolutionized the vacation industry, allowing everyday people to operate their own private [...]

By |2022-03-17T14:32:25-06:00February 24th, 2022|Short-Term Rental Insights|

NEW Amendments to Paradise Valley, Arizona Vacation Rental Code, Includes Liability Insurance Requirement

On January 27th the Paradise Valley City Council passed new amendments to the Short-Term Rental Code. The new vacation rental laws were enacted in hopes of minimizing nuisance complaints, protecting health and safety, and prohibiting the use of vacation rentals for inappropriate uses.  NEW Short-Term Rental Laws for Paradise Valley, Arizona There are many new changes and additions to the Paradise Valley, Arizona Short-Term Rental Ordinance. Below are some [...]

By |2022-03-30T11:20:19-06:00February 15th, 2022|Short-Term Rental Regulations|

Chula Vista, California Vacation Rental Laws Went Into Effect Feb. 1st, 2022. Liability Insurance Requirement Included.

This past December, Chula Vista, California passed a new short-term rental ordinance and certain sections of this regulation went into effect on February 1st.  One of the sections that took effect February 1st is Section 5.68.110 - Operational Requirements.  This includes items such as 2-day minimum stays, safety requirements, insurance, quiet hours, maximum occupancies, and more.  It’s important to understand the new regulations and ensure that you’re in compliance [...]

By |2022-03-30T11:24:39-06:00February 9th, 2022|Short-Term Rental Regulations|

A Guide to Financing Vacation Rentals

So you’ve decided to add vacation rentals to your investment portfolio.  Proper has a great, comprehensive insurance solution for you.  But, what about financing? This article lays out your basic financing options to start and grow your vacation rental portfolio.  Vacation Rental Financing Solutions  You have five main options to finance the purchase of vacation rental property: Second home loan, agency investment property loan, jumbo loan, bank loan, or [...]

By |2022-03-17T14:32:49-06:00February 8th, 2022|Short-Term Rental Insights|

Washoe County, Nevada Discusses NEW Vacation Rental Code Due to Community Concerns

This past week, the Washoe County Board of Commissioners held a meeting, where the Planning Staff provided a presentation on vacation rentals. This presentation included overviews of programming, compliance status, and suggested revisions for the future of vacation rentals in the area. The first reading of a new ordinance will take place in March of 2022 and if it continues to get adopted this will be in May of [...]

By |2022-03-30T11:23:18-06:00February 3rd, 2022|Short-Term Rental Regulations|

Blue Earth County, Minnesota Now Requires Proof of Liability Insurance in New Vacation Rental Regulations

Blue Earth County, Minnesota has recently implemented new regulations for short-term rentals in rural areas.  After complaints regarding how poorly vacation rentals are being operated, the county realized that something had to be done about it.  The new ordinance now includes application requirements, as well as a $700 fee. All vacation rentals operating prior to the effective date of the standards outlined in the New Ordinance shall be in [...]

By |2022-03-30T11:28:32-06:00January 27th, 2022|Short-Term Rental Regulations|

First-Ever Vacation Rental Regulations Passed in Hot Springs, Arkansas

Hot Springs, Arkansas has passed new vacation rental regulations that took effect January 4th, 2022. Since last March, the City has been continuously working on rules and regulations for the growing business of short-term rentals. After several complaints filed from neighbors in highly populated areas, they realized it was time to step in and create regulations.  There are many new rules, being that this is the first set of [...]

By |2022-03-30T11:30:10-06:00January 19th, 2022|Short-Term Rental Regulations|
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