Are you thinking of diving into the vacation rental hosting game? Well, you're in luck because Texas is at the top of many people's American vacation lists. With a little help, your business could be a booming success.
There are certain things all rental hosts need to know beforehand. We've put together this quick guide to help you learn all the important local details to stay compliant with the law.
Read on to learn the key things you need to know!
1. Register Your Rental
Every successful rental business needs to pay its due taxes. By registering with the Texas Comptroller's office, you'll ensure that you'll be on top of your taxes without fail.
The state hotel occupancy tax is set at around 6%, so you'll want to make sure you budget your rental business accordingly.
2. Safety Regulations
The next step is to familiarize yourself with Tyler's safety protocols. Knowing these regulations by heart is how you protect both your guests and yourself from any future problems.
Another thing to keep in mind is sanitation requirements for hotels and rentals. Since the pandemic, hotels must employ a sanitation cleaning routine to keep guests safe. Since vacation homes are often viewed in a similar light, you'll want to make this a priority as well.
3. Rental Management
Managing a rental takes a lot of work, which is why businesses like Airbnb and vacation rental management companies are a big asset you shouldn't ignore.
Maintenance, for example, can eat away at your free time. A management company can take care of that for you, and ensure that everything is done to the highest standards. They'll help with screening, agreements, financing, and more.
Airbnb and other listing sites put your rental into the eyes of millions of viewers. This can lead to your rental getting booked far more often. Plus, Airbnb automatically takes out taxes for you, making that part of your job more simple than ever before.
4. Attractive Amenities
When families book Tyler, TX, vacation rentals, they expect a certain amount of comfort. It'll be your responsibility to deliver that to them. You'll want to keep your vacation home as up-to-date and comfortable as possible.
Smart devices, for example, are a simple way to add convenience to your rental. Make sure to set the devices to guest settings to keep your accounts and settings private.
When preparing your rental for your guests, try to think of the things you'd like to see if you were in their shoes. A few extra goodies never go amiss. Local treats waiting for them in the fridge are sure to bring joy to them and a good review for you.
Vacation Rental Hosting Made Easy
Trying to figure out all of the tiny details of vacation rental hosting can be an overwhelming task. It's a lot to juggle on your own. That's why turning to a professional rental management company is such a promising decision for your business.
PMI Tyler dedicates itself to making all your Tyler, TX, vacation rental hosting simple. We have the technology and the experience that can help your business flourish.
Contact us today and we'll pair you with one of our professionals to start improving your vacation rental right away!
