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Why Invest in a Holiday Rental?

AirKeeper

Compared to traditional long-term leasing, holiday rentals offer higher earning potential, greater flexibility, and the ability to capitalise on peak seasons and special events. For example, a property in a popular tourist destination can see nightly rates that far exceed the equivalent daily rate of a long-term lease.

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Hosting 301: Airbnb as a Business

MaidThis

You need to be prepared for a significant time commitment , especially if you plan on purchasing or leasing more properties. This could include getting any necessary permits and licenses and following local regulations and laws. Get the word out: Guests wont be able to book your property if they cant find it!

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5 ways for high rise condominiums to save money in 2025

Condo Control

This includes things like: professional/management fees legal fees permits and taxes office rent office equipment and supplies accounting fees licenses bank or loan fees events Depending on the type of community you manage, annual administrative costs can easily add up to $5,500 per unit, or $1.65 million for a 300-unit building.

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How to Become a Property Manager: 8 Steps to Kickstart Your Career

Tokeet

Real Estate License : Required in many states to legally manage properties. Passing the state exam is necessary to obtain the license. National Apartment Leasing Professional (NALP) : Provided by the National Apartment Association (NAA). Focuses on leasing practices, marketing, and customer service.

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Digging into Government Guidelines and Restrictions for Short-term Rentals

Property Management Inc.

Taxes, licenses, and other legal requirements can quickly become overwhelming, especially if you’re new to short-term rentals. Your guests will pay an occupancy/lodging tax when they book with you. Look Into Licensing You’ll also want to consider any licenses that may be required in your local area.

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Occupancy Cost in the Short-Term Rental Market

Hospitable

Your entire STR business in one convenient platform Automate communication, create a direct booking website, manage channels, sync calendars, push pricing updates, notify your team, and much more! You should consider listing your rental space on major OTAs, such as Airbnb, Vrbo, and Booking.com, and have a direct booking strategy.

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California Laws to Know Before Investing In Rental Real Estate

Real Property Management California Coast

What you may actually not be aware of is that there are also a staggering selection of laws and legal matters that relate to buying and leasing rental homes. Real Estate Agency and Licensing Law One of the significant people on your investing team is your real estate agent.