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Short-term rentals (STRs) continue to gain popularity across global markets — and so do the regulations that govern them. For hosts, investors, and property managers, staying compliant with local short-term rental laws is no longer optional — it’s essential.
One of the things that keeps real estate investors and landlords awake at night is the threat of vacant rental properties. Reducing vacancy has to be an important part of your investment strategy, especially if you want to maximize earnings and create a stable, profitable rental experience. An unoccupied property is expensive.
We can offer ideas that range from conventional mortgages to government-backed loans. Here are some of the reasons you might want to consider something else: Higher Credit Score Requirements Conventional mortgages typically require a higher credit score compared to government-backed loans.
Another business model is rental arbitrage , where you rent a property long-term and then re-rent it to travelers on a short-term basis with the landlord's permission. This path enables you to earn money from vacation rentals without owning the property. The third option is becoming a property manager for one or multiple owners.
Getting your property licensed To operate legally, you need to obtain a short-term rental license from the City of Milwaukee. The licensing process typically involves providing proof of ownership (or landlord permission), meeting safety requirements, and paying the application fees.
Welcome to Part 2 of our conversation with Todd Ortscheid, CEO of Revolution RentalManagement. The airline industry has done a good job of convincing the government that their ancillary fees are necessary in keeping ticket costs down. The property management industry needs to make the same case. But it’s not the same.
Keeping your Gardena investment property and the tenants who live there safe has to be an important priority for landlords and real estate investors. We recommend that Gardena landlords provide at least one fire extinguisher in each of their rental properties. But how do you know youre doing everything you can?
ManagingGovernment Regulations New and evolving government housing regulations continue to shape the rental market. These frequent changes can make it challenging for landlords to stay compliant while protecting their interests. So, ensure your property meets all applicable health and safety requirements.
Verify references and speak with previous landlords and employers to get a complete picture of the applicant. This is an important part of maintaining a good landlord-tenant relationship and ensuring smooth property management. Let’s do everything we can to prevent falling out of favor with the landlord/tenant laws.
With the increasing popularity of platforms like Airbnb and VRBO, the vacation rental business has become a competitive avenue of investment. Managing these properties efficiently is not always straightforward. Navigating these challenges requires careful planning and, often, the assistance of property management services.
There’s a lot to cover, and protocols require your attention whether your rental property is covered by this law or exempt from it. Let’s get started so you know how to structure your lease, your marketing, your screening , and your entire rentalmanagement plan in a way that keeps you in compliance.
Offering a well-maintained property not only attracts quality tenants but also increases rental values. It sets the stage for a positive landlord-tenant relationship. California has an implied warranty of habitability, and recent laws now require local governments to enforce those standards more forcefully.
Customization and Control As a homeowner, you can remodel, decorate, and landscape your property to suit your lifestyle and tastes without needing approval from a landlord. Such consistency might be harder to achieve in rental situations with shorter-term leases.
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