COVID-19 and Short-Term Vacation Rentals – What Property Owners Should Know

One of the hardest-hit industries during the coronavirus pandemic has been travel. While millions of Americans stayed at home in March and April, owners of short-term rental properties saw their bookings dry up. But more people will be adding travel to their summer itineraries as states begin to open up. And many of them will be looking for short-term vacation rentals, which can feel much safer than staying in a hotel. While this is great news for property owners, there are some things you should keep in mind as you prepare for your summer guests. Here’s what you need to know.

Stay up-to-date on local, state, and federal compliance

First of all, it’s important to stay up-to-date on all guidance offered at the local, state, and federal levels. Know what the regulations are about short-term rentals in your location and stick to them. You should also stay current on all forms that need to be filed, renewals, and tax payments. This is especially true in regards to your license, as some jurisdictions have a moratorium on short-term rentals. Letting your license lapse could be catastrophic if you find you aren’t able to get a new one. And avoid delinquency notices by filing your taxes, even if you have no revenue to report.

Adopt additional cleaning measures

It is essential that you follow CDC guidelines in terms of cleaning, disinfecting, and sanitizing your short-term vacation rental. If you hire a service to do this, then contact them to find out what additional measures they are taking to keep your property clean and keep themselves safe. Also, find out if there are any additional costs for this service. Have plenty of cleaning and sanitizing products available for guests such as soap, hand sanitizer, disinfecting wipes, bleach, and gloves.

Keep guests informed

Everyone is a little on edge these days, and the best way to tackle fear is to address it head-on. Stay in close contact with your guests. Let them know the additional measures you are taking to keep them safe during their stay. Advise them of any guidelines you’d like them to adhere to while they are in your property. Let them know who they can contact in case of an emergency.

Be flexible

You may find that it’s necessary to be flexible with your terms and conditions during these unprecedented times. Be flexible with your booking policies, such as date changes and minimum stays. Flexibility may help you avoid cancellations.

Consider longer-term rentals

You may find that it’s too taxing on your resources to welcome guests for just a few days at a time. Consider renting your property for longer periods of time — anywhere from 30 to 90 days. Under our current conditions, you may find that there is a market for people who are looking to relocate for part or all of the summer. Once conditions improve, you can return to short-term rentals.

Contact Agent inc. today

Owners of short-term rental properties have so much to think about these days. Let the experts at Agent inc. and Agent Property Management help you ease the burden by handling all the important details. Contact us today at 949-791-8160 or [email protected].