The Miami Beach Times recently released results to a survey completed by AirDNA and IPX 1031 regarding the top cities for Short Term Rentals. “Florida is home to seven of the top ten cities with the most Airbnbs per capita. Kissimmee, FL comes in at No. 2 with Walt Disney World Resort and Universal Studios next door, Daytona Beach comes in at No. 4, while Miami, Fort Lauderdale, Orlando, and [...]
A recent count shows the staggering number of Short Term Rental properties in Ann Arbor, MI: over 900 listings can be found in the city with over 300 listings available for whole-house rentals. Ann Arbor city is concerned by these numbers as “this means there are 300+ less homes available for people who want to live in Ann Arbor.” Will regulations solve this problem? Ann Arbor citizens, including City Councilmember [...]
Surely, you’ve had at least one. If you list your property for short-term rental on sites such as Airbnb, VRBO or HomeAway, you’ve likely come across a request that just seems a little bit off. Spam inquiries are usually easy to spot, especially after you’ve seen one. They all have similar red flags: odd or famous names, the email doesn’t match with the name, multiple mistakes and grammatical errors. They [...]
City leaders across the US seek to regulate short-term rentals in a way that directly helps their community. Cities such as Austin, TX have strict regulations in order to maintain available housing for long-term renters and individuals wanting to settle down in their community. However, many families bring in extra income by short-term renting their primary residence or investment property. For some individuals, short-term renting is a way to complete [...]
Homeowners have until November 1st to come into compliance with their Short-Term Rental businesses. According to the Los Angeles Ordinance implemented in early July, short-term rental operators are now required to register with the city’s “Home-Sharing” program (the registration portal can be accessed here). In order to meet city requirements, the property must be the owner’s primary residence, and if renter-operated, the renter must provide the landlord’s written and notarized [...]
As the air turns brisk and the leaves begin to change, homeowners everywhere start battening down for winter. From torrential rains and blistering winds to freezing temperatures and heavy snow, winter puts our homes through a lot. Being prepared for the change in weather will ensure your house keeps you warm and safe all winter long. Not only that, but tackling these maintenance tasks in the fall will make your [...]
Along with many cities across the U.S., Columbus requires all Short-Term Rental operators to obtain a Short-Term Rental permit through the city. The application process includes applying in person with a signed and notarized Short-Term Rental Application and paying the corresponding fees. The owner and operator must also provide a copy of general liability insurance listing the Short-Term Rental property as insured. This is a similar requirement to those held [...]
Call Proper With Ordinances being implemented in cities across the U.S., Proper Insurance is the company to contact as the nation’s leading Short-Term Rental Insurer. Proper provides the most comprehensive coverage available to an owner in all 50 states and offers all-inclusive insurance for buildings, contents, income, and liability. Proper is also Underwritten by Lloyd’s of London, AM Best’s Rated A. Click here to read through our Reviews from current [...]
The gig economy has taken the United States by storm, but none may be more prominent than that of the short-term rental industry. Don't mess with TX Cities across the country have taken various measures to address the burgeoning industry, ranging from outright bans to stricter regulations. The state of Texas is unique in that their state legislature has opted to prohibit the banning of short-term rentals by communities in [...]
If you are already in the short-term rental business, or thinking about it, certainly one of the main draws was to make income off your property. A recent poll of 1000 people by real estate company Clever found that 84% of respondents think listing a home on sites such as Airbnb is a good way to make money. However, it’s not as simple as “list the home, and the money [...]