short-term rental

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 [...]

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|

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|

Your Guide to Purchasing a Second Investment Property

Want to add a second property to your investment portfolio? There are a few things that you will want to know. Since you already own a rental home or building, you already understand some of the basics. However, there are a few crucial steps to take on that secondary investment. From determining your spending to managing other expenses, make sure to consider these facts before buying your second investment [...]

How Remote Work is Changing the Short-Term Rental Industry

During the pandemic, people have realized how convenient it is to work from home and enjoy having the freedom to travel but still work.  The digital nomad has changed the way many short-term rental owners operate their home because now they’re renting for mid-term stays and have created a comfortable workspace for their guests.  Remote work is becoming increasingly popular in the rental industry and it’s not looking to go away anytime soon.  Operating as a mid-term rental can increase the risk of acquiring a “squatter”, it’s important to [...]

By |2021-12-21T08:32:18-07:00June 28th, 2021|Short-Term Rental Insights|

How To Turn Your Residential Property Into a Lucrative Short-Term Rental Hot Spot [Updated 2022]

You might have a guest house or other outbuilding on your property that is pretty much going to waste. Have you ever considered converting it and renting it out for short-term stays? It is a great way to bring in some extra income and become engaged with the emergent short-term rentals industry. Companies like Airbnb, TripAdvisor, and Vrbo have capitalized on the gig economy to help homeowners profit from [...]

Increasing and Securing Your STR Revenue Stream [Updated 2022]

Whether you’re a new rental property owner or have been in the game for a long time, there are always new things to learn and progress that can be made. It’s important to regularly check in on your short-term rental (STR) properties and see if you are really getting all you can from them. There may be some opportunity to change things up and begin to see more income.   [...]

How to Attract and Keep the Best Tenants and Guests [Updated 2022]

There’s no doubt that rental properties are a hot commodity. As great as this is for today’s investors, the reality is that there will always be a demand for rentals, regardless of trends. Even with rental homes in high demand, you can’t assume that just any property will be profitable. An empty property doesn’t turn a profit, which is why it’s crucial to attract good tenants and guests, not to [...]

By |2022-02-17T09:25:30-07:00October 26th, 2020|Short Term Rental Insurance, Short-Term Rental Insights|

5 Areas in Your Vacation Rental You Should Check Regularly [Updated 2022]

Every vacation rental owner understands how important it is to make their property stand out. Not only do you have to offer great amenities in order to maximize revenue, but you also need to make sure they are up to par each time you are having guests. This checklist will help you ensure the safety and security of your vacation rental: Ac, heating, and kitchen appliances Bedrooms Bathrooms Smoke [...]

By |2022-02-16T13:55:31-07:00August 19th, 2020|Short-Term Rental Insights|

Top 3 Questions to Ask Your Broker about Short-Term Vacation Rental Insurance [Updated 2021]

Did you purchase a new home intending to use it primarily on Airbnb and occasionally for personal use? As a new short-term rental host, you may believe that your homeowner’s insurance is sufficient since you’ll be living there part-time.  This is a common misconception as many hosts, even veteran hosts, don’t realize that modifying the use of your vacation rental beyond strictly personal use requires some major modifications to [...]

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