Although legalities can sometimes feel like a burden, following the law is essential to owning a short-term rental property. Counties and municipalities are increasingly watching the vacation rental space; unfortunately, it can be hard to know the various regulations and rule changes. Still, there are many ways to stay up to date and protect your business from fines or losing permits. After all, it’s our responsibility as property owners to ensure our enterprises are legal. Thankfully, there are a few simple ways to better safeguard your investments without hiring a legal team.
Online Research
Legal review used to require a trip to the city administration office and a large cup of coffee, but now you can accomplish this from the comfort of your home or office. One straightforward way to do this is by searching the internet for “vacation rental laws” in your state or city. You can also try going directly to the city or county website.
Take a Trip to City Hall
Although you can find a wealth of information online, websites aren’t updated in real-time. You’ll want to confirm your findings with a city official familiar with short-term rental properties’ regulations. It’s also not a bad idea to contact officials again via email to create a record of your information gathering so that you have a reference and a history of your interactions.
Stay in the Know
Besides researching and recordkeeping, you can protect your business by staying informed in real-time. Legislation is a dynamic aspect of short-term rental ownership so expect things to change, sometimes without notice. Review city council meetings and keep the zoning officer on speed dial. Some municipalities have email notifications regarding regulation updates, voting results, and agenda updates.
Colorado Vacation Rental Management Solutions
Keeping up with changing laws regarding short-term rentals can feel like a lot to wrap your head around. Thankfully, Effortless Rental Group has the services, resources, and support you need to maximize your investments in an ever-changing industry. To learn more about how we can make it effortless for you, take a look at our services and reach out today!