All Forum Posts by: Scott Stone

Make sure you understand your umbrella policy. Most personal umbrella policies do not have coverage for business/commercial operations. You will most likely need commercial coverage as opposed to homeowners insurance and an umbrella policy although some may cover it and you can add a rider to some but just make sure you are covered 

I agree with the others on that listing platform and avoid it myself. Put your additional efforts into your own website.  If you need to FaceTime after every clean then you need to change cleaners. On the weekday availability, I decrease the required minimum stay and the price. On most dynamic pricing programs you should be able to charge more for the weekends which would keep your weekdays lower. I would also look at other listings nearby and see what their weekday bookings look like and if they are booking what they are doing differently. I use beyond for pricing and it has the ability to compare to nearby listings. 

As most have indicated, many states make a distinction at 30 days to provide tenant rights. If I recall,  7 days is a term in the tax code if you have an average rental duration you can be considered to operate a business (categorized like a hotel) as opposed to schedule E rental