How much does it cost to have your home listed as a short-term rental?

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Since it was founded in 2008, the short-term rental platform has been the. The cities researchers have analyzed happen to be already-pricy coastal. into cities that it has measurable impacts on housing costs,” said Bivens.

Big events like sports championships, political conventions and music festivals dramatically increase demand for short-term rentals in towns that don’t have enough conveniently located hotel rooms to meet the need, says Adam Annen, a spokesperson for the HomeAway rental platform headquartered in Austin, Texas.

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A landlord policy covering a one-year rental for a home in Maine insured for $370,000 and personal property for $10,000 would cost $1,170, for example, says Millar. Expect to pay even more if you allow short-term rentals. The same insurance for the home if rented by the week for 12 weeks during a year would be $2,170.

How much does vacation rental insurance cost? The cost of vacation property rental insurance depends on a number of factors. They include your deductible, the replacement cost value of the home, the location, amenities and amount of coverage selected.

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Rather than reach out to multiple vacation rental management companies to try to compare costs, rates, responsibilities, & fees, you can also have multiple companies make competitive offers on your home using the same contract. It’s an easier way to get transparent pricing and see what companies would be a good fit.

It’s important to us that renters have options, and we do everything we can to make that possible. We are focused on connecting renters with rental properties that meet their search criteria through a clean interface and a multi-faceted search algorithm. Any advertising on our website is relevant to the renter’s moving process.

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Furthermore, how much you can make from short-term rentals really depends on the amount you can realistically charge for your apartment. If you have a beautiful, newly furnished unit in the heart of the city with stellar guest reviews, you could probably get away with charging a high nightly rate.