short-term rental
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. [...]
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 [...]
In such a competitive industry, you’re always thinking of ways to separate yourself from the crowd. One of the more obvious ways of doing so is highlighting the many amenities your property has to offer. With summer at its hottest, promoting a pool can certainly set you apart but what you may not think of right away is the risk associated with this particular amenity. Amenities such as a pool [...]
Summertime is just around the corner! As you prep for inbound guests staying at your rental there are plenty of safety concerns to consider. It can be easy to overlook common vacation rental safety features when preparing your rental for guests, but it’s important to ensure that your vacation rental is up to proper safety standards, specifically for guardrails and handrails in your home. We know that the topic of vacation rental safety concerns can be [...]
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 [...]
The Team at Proper Insurance is happy to present an overview of a recent interview between Darren Pettyjohn, Co-Owner of Proper Insurance and host Scott on “The Invited Guest” by Private Porch. Scott and Darren discuss why hosts should verify their short-term rental insurance, the response to COVID-19 from property management companies and customers, and staying positive - the short-term rental industry will recover from this unique time. Listen [...]
We are happy to present an overview of a recent interview between Darren Pettyjohn, Co-Owner of Proper Insurance, and the hosts at Thanks for Visiting. It is a great discussion regarding short-term rental insurance and the details hosts need to consider when starting their business. Every host is excited to start up their business and welcome their first guests. Having dedicated time and money to making their property ‘just [...]
These are the most difficult times many of us have experienced in the vacation rental world. While none of us could have imagined a time such as now, we must remain optimistic and work together to bridge this gap so we may continue the unprecedented growth of the short-term rental industry. So, what are the Covid relief options for short term rental owners and managers? As members of the [...]
After years of hard work, it’s no wonder you’d like to take a well-deserved break. Those who are fortunate enough to reap the benefits of years in the workforce often do so by acquiring a vacation home. The idea of a vacation home in your favorite place on a sunny beach sounds dreamy, but it’s important to be both realistic and prepared when it comes to this investment. You [...]
Nearly all vacation rental home insurance policies have what’s called a ‘vacancy clause‘ and it’s important every owner understands its limitation. The average vacancy rate in short-term rentals is around 30%, which is about 109 days. Vacant or unoccupied properties pose higher risks because no one is around to identify potential problems. What does this mean from an insurance perspective? No Coverage for Vandalism, Water Damage, and Theft If [...]
