Insights and tips on how to protect your Vacation Rental Property, giving you and your guests peace of mind.
The Coronavirus has had a significant impact on the travel and hospitality industries, leaving vacation rental property owners with unexpected financial loss. And with many headlines reporting that we are heading into a recession, short-term property owners are undoubtedly concerned for the future. While the total impact of the shutdown of short-term rentals businesses is yet to be seen, success will hinge on the financial planning you do now and when things return to a new normal.
Coronavirus has become an unescapable weight halting the travel and hospitality industry. It has had a devastating toll not only on short-term rental property owners but also the communities they serve. Additionally, Congress enacted the CARES (Coronavirus Aid, Relief, and Economic Security) Act of 2020 to provide much needed relief for small business owners, including those in the travel industry.