“To me, short-term rentals are more of a business than merely a real estate investment,” Hill says. “The owner is managing a lot more than just the real estate. They have to maintain the aesthetics, check-in/out process, cleaning, marketing, being a host, guest satisfaction and the...
Microsublets and short-term rentals for vacant primary, vacation and second homes are on the rise since the start of 2008. And while many homeowners can help make ends meet by renting out an unused room, there are some legal and safety issues to work through first.Kayleigh Kulp...
Pursuing a series of short-term rentals could be advantageous if you're single. But there are definite drawbacks. "Single people don't always want to be tied down in these longer-term leases," says Beauchamp. "So you might be willing to pay a premium for the flexibility of ...
Negotiating with your landlord can solve your problem in the short-term via possible rental relief and in the long-term by restructuring your contract at a lower rent. The landlord can also agree to use your deposit to cover the shortfall.Landlordsmay even be willing to shorten your lease to...
The rising number of short-term rentals in inner-city neighborhoods, in addition to being one of the driving forces of tourism gentrification, also concerns housing affordability. These troubles depict how the growth of the short-term rental market hascomplex social and economic ...
Join short-term rental compliance expert, John Spuhler, in this on-demand webinar “How Community Associations Can Address Short-Term Rentals.” He discusses best practices for tracking STR activity and automating your communications. By attending this webinar, you’ll learn: ...
“If I'm interested in short-term rentals/Airbnb, will I gain enough knowledge from this course to make that happen?” “I’m up to my eyeballs in credit card debt, and I don’t have an emergency fund. Should I enroll?” “How many Your First Rental Property students buy their fi...
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Sign a Short Lease If a landlord has a tenant that doesn’t pay on time, it can take them many months to get them to leave. This reduces the landlord’s income and causes them a lot of headaches. If you agree to a short-term contract, perhaps just three months, this will be less...
Not all homes can be Airbnbs. You may find that short-term rentals are banned by your county, city, orhomeowners association. Or, if they are allowed, there may be many hoops to jump through to ensure that your property is legal. This is arguably the most important step before listin...