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.
Droughts in the U.S. are increasing due to extreme weather and climate change. If your rental property is in a drought-prone area, you’ll want to take steps to reduce water usage and communicate with your guests. Keep reading for our best tips to conserve water supply at your vacation rental while keeping business up.
Owning a vacation rental business is extremely rewarding, however, it’s still a business and susceptible to taxes. We’re diving in deep about what vacation rental owners need to know about paying taxes in the U.S. and the deductions they may be eligible for.
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.
Many people are distressed when they file a vacation rental insurance claim given that these claims typically follow a devastating event such as a home fire, disastrous weather or a guest injury. To help you file a claim with ease, we’ve compiled some useful information to make the best of this trying experience.
Unfortunately, losses alleging landlord negligence are not uncommon and can be quite costly, according to Advisen loss data. Read on to learn which types of landlord losses are most common and how to avoid them.
CBIZ Vacation Rental Insurance is thrilled to participate in the third annual Vacation Rental Week! We’d like to use this opportunity to highlight the value and key benefits of professionally-managed vacation rentals for both guests and property owners alike and to encourage you to book a stay or choose a professional manager to rent your vacation property.
We have heard about them, we may even know a few, but handling demanding guests can be a difficult and overwhelming task. When listing websites send stress warnings for a 4-star rating, it can be hard not to have some anxiety. Even more, it may have a major impact on where your property lands on the search ranking when a below 5-star rating is left. Here are a few suggestions on how to handle demanding guests at your short-term property.
As a vacation rental homeowner or property manager, the last thing you want to hear is a guest was injured at your property. Unfortunately, injuries can and do happen. Depending on the circumstances, your guest may believe you bear some responsibility for his or her injuries. Of course, being accused of negligent or intentional acts that led to a guest’s injuries does not necessarily mean you are responsible.
While we’re nearing the end of “hurricane” season, with climate change and more active weather patterns, it can last longer or begin earlier. Therefore, you, your family and your guests need to be prepared when a hurricane strikes. Use the following guidance to stay safe and limit potential damage in the event of a hurricane.