Short-term rentals are a great way to invest in real estate and have a vacation spot you can use, too! Have you ever been intrigued by the idea of running your own short term rental?
Here’s some points to consider:
Research the laws: different locations have different laws for short-term rentals. You may need a business license, or to adhere to minimum limits on rental periods-a lawyer can help you confirm that you’re on the up-and-up.
Do the math: consider what your rate will be in the on and off season, and factor in housekeeping and maintenance expenses in order to estimate a realistic income goal for your property.
Choose your location wisely! The most successful short term rental properties are in an ideal location for vacations. Choose one that’s got great accessibility to the most popular sights in the area!
from Utah Homes and Land For Sale