When it comes to maintaining or upgrading your property, hiring contractors is often unavoidable. However, the decision to hire an uninsured contractor could put your entire business at risk. From liability issues to financial losses, the consequences can be severe and far-reaching.
As the seasons change, business fluctuates, causing uncertainty to fill the air. Winter can be a time when reservations are low, and your to-do list is long. These dry spells can leave your place as empty as a ghost town.
It's easy to get caught up in the "bigger things" when cleaning your vacation rental property, but don't forget to check these overlooked spots for hidden grime, dirt and dust.
Each dwelling tells a different story and can potentially hide dangerous elements. Assessing your property’s exposures and taking the appropriate precautions can go a long way toward protecting your business.
While most users on sites such as Airbnb and Vrbo are genuine people looking for a rental, there are still thieves and con artists with hopes of stealing. As hackers become increasingly sophisticated, short-term rental businesses need to stay ahead of the game and ensure their safety online and in real life.
Are your vacation rental responsibilities taking over your life? While many dive into this industry with the promise of creating effortless income, the hustle that comes with renting out a property can be inundating.
If your guests include children, you will need to take the necessary precautions to ensure that your vacation rental is safe for all ages. To keep your younger guests out of harm’s way, implement these safety precautions at your short-term rental property.
Builders risk insurance, also sometimes referred to as course of construction insurance, is coverage that assists with various expenses that may result from property damage amid construction projects. Understanding builders insurance can be complex as every home construction project is unique and coverage needs vary.
Even if you’re allowed to rent out your home or condo through Airbnb, doing so can cause tension with neighbors and the HOA. There’s always the potential that your guests may not be respectful to property in common areas, act inappropriately or noisily, or make other tenants feel uncomfortable.
When undertaking a remodeling project, people often get caught up in the creative aspect and forget to review their insurance needs. Whether your budget is large or small, you’re adding not only value but also risk. To ensure your fixer-upper project goes smoothly and you have the coverage you need, here’s what you need to know.