Short Term Rental Riches 22. Precautions for Accepting Guests Over 30 Days
Apr 14, 2020
Exploring the nuances of accepting long-term guests, the discussion emphasizes vital precautions landlords should take to protect their investments. When guests stay over 30 days, they transition to residents, bringing added legal responsibilities. Insights include streamlining the application process online and the importance of effective tenant screening. Tips on showcasing your rental virtually, drafting leases, and setting clear expectations ensure a smoother experience. Plus, learn about using digital tools for rent payments and security deposits!
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30-Day Stay Legal Impact
- Guests staying over 30 days legally become residents, increasing your legal exposure.
- It is crucial to take extra precautions when accepting long-term bookings to protect your property.
Automate Property Showings
- Use digital locks to show your property to potential long-term guests without being physically present.
- Collect basic information via an application form before granting temporary access codes.
Streamline Tenant Screening
- Use online platforms like Cozy or Google Forms for tenant applications and rent collection.
- Run background checks and call references to ensure you select good long-term residents.