All Forum Posts by: Ethan Evans

@Drew Sygit, yes - good point there.  I was clear with my insurance broker that I was going to be having a dedicated AirBnB in one of the bedroom-suites, and she found a plan that allows that.  There was an occupancy rate that they wanted me to stay under, of about 40-50% i think, but  I can still break even and make some money at that point.  I don't get to move in until September (~50 days of seller occupancy) so I've got some time to get it up and running and see what I average for occupancy. 

@Alex S., yeah - I've used USAA for years for my banking, and home+auto insurance, but because I'm househacking, they realized that they couldn't cover the homeowners, but they could if it were a regular rental...weird.  Guess I'll take my business elsewhere!  Wow - that sounds like quite a pain for an insurance company to be requiring you to do all of that.  Good to know - I appreciate you sharing that info!

As a follow up - my local insurance broker got me a policy through Auto Owners, so I'll start with that and see how it goes. :)

Thanks, @Sean Sloop and @Drew Sygit!  I'll check those options out too.

@Michael Mendez, I'm under contract now for a property that will be a Short Term Rental-Househack. I'm planning on using AirBnB/VRBO for the STR part, and probably use something like this for a longer version of STR to supplement the slow parts of the year with 30+ day stays for traveling nurses or other working professionals. I live in the Lansing, MI area, so not a big tourist destination by any means, but I should be able to make some traction with both of these methods. It's my first one, so I'll see what works and what doesn't, and adjust from there!

Good luck, @Michael Mendez!  I hope you crush it while providing a valuable service to your area.

@Michael Mendez, here's one site that I'm looking into!

https://www.furnishedfinder.co...

Who does an awesome job cleaning your STR in the Lansing, MI area? Are they a formal company, or a smaller owner/operator? I'd love to get some recommendations for my small unit that I'll be putting on the STR market in late summer/early fall. Thanks in advance!

@Chris Mury, thanks! I'll check them out. I appreciate the quick response. That's strange to me that an insurance company would dictate the terms of how you operate the STR, with a 2 night minimum. Interesting...

Hello, fellow Michigander HouseHackers!

Looking for recommendations on Home Insurance when househacking in Michigan, with a short term rental (STR)...

I was surprised to find out that USAA, my longtime insurer, doesn't cover Michigan homes with an STR. Who do you use and like, and who should I stay away from or not bother contacting. Thanks in advance!