Turning your house into a vacation rental can seem overwhelming at first … but it really does not have to be. This is a process that you can really enjoy and have fun with! I have set up houses as vacation rentals dozens and dozens of times, for my client's properties, as well as my own houses. I understand what is involved and required from every aspect, from assuring the property is in compliance with governmental agency rules and regulations, to making sure it has all the essentials that most guests require. In my commitment to assuring that my clients are continuously successful with their vacation rental houses, I often find myself in the role of 'vacation rental counselor,' mostly referring to governmental agency and code compliance, quality assurance, and ongoing property maintenance required to meet the current industry standard.
So, with that in mind, it's important to begin with the basics when you decide to offer your house as a vacation accommodation to travelers. In this article I will provide you with the 5 most important steps to follow to secure your vacation rental success. As you read through this, I advise you to consider the fact that your house is in a unique town or city, that this article is a general guide, and that that is critical for you to become aware of your local community sentiment, and rules and regulations about short-term rentals. Always remember, your house is a private property, it is not a hotel, and preparing your house and managing it as a vacation rental accommodation for tourists must be carefully and thoughtfully done.
1 – LAWS, ORDINANCES, RULES, AND REGULATIONS
The very first thing you need to do is to educate yourself about your local city, county, and state laws, ordinances, and rules and regulations referring to offering your house as a vacation rental in your unique community neighborhood. Please do not just assume that because it's your property, you can do whatever you want with it. And, please do not put a lot of effort and expense in setting up your house as a rental for tourists until you rule out the possibility that there are laws preventing you from doing so. Many local and state government agencies have clear regulations stipulating that setting up your house to rent as a vacation rental turns it into a business, and it will probably be subject to some level of city, county, and / or state licensing. Many governing agencies also require that to legally rent your house as a short-term rental, you must collect local and state tax from tourists who rent your property.
A quick search in the vacation rental news reveals, that as short-term rentals become more and more popular, many communities have licensing restrictions and very specific rules and regulations regarding renting homes short term to tourists. Call your local town or city governmental offices and get to the appropriate licensing department that can answer your specific questions. Find out …