What if I Don’t Have a Short Term Permit?

Each city and community can differ in what they allow as well as what the consequences for violating policies can be. I would always recommending contacting your city or HOA for specifics to your home before renting, as well as the larger platforms do require a short term rental permit (STRP) in order to list/ advertise your home for less than 30 days. But what if you rent your home for 31 days or more?

In many communities and markets, this is the most lucrative way to rent your home whether you have a STRP or not. This is because guests are willing to pay much more on a monthly basis than they would for a longer term rental, and you are often able to get the “nightly rate” for 31 days+ at a time while saving on costs! This allows you to maintain 100% occupancy for the month and pay for far less expenses such as cleaning fees.

Where this most often works

• Seasonal destinations or places with moderate weather year round are great.

• “Snow Birds” or people that leave the cold for warmer weather are perfect guests. They often return every year and can be consistent, reliable income for you.

• Beach Communities are great for extended stays!

Where this often doesn’t work

• Event destinations such as conferences, festivals, or sports events.

• Holiday destinations often built around school holidays (Ex: ski resorts for President’s Weekend)

There are always special circumstances where people are looking for extended stays that you should keep in mind. Some common reasons people book for 30-60 days include during their home remodel, their home gets a slab leak, companies put up their employees for extended work stays, etc.

Always look into city and community regulations first to make sure you are in compliance, look at the rental market in your area and see if guests are staying for lengthier stays paying specific attention to seasonality, and price correctly!