For those who live in the sunny state of Florida, renting out their properties when they’re not there has become a lucrative way to bring in some extra money, and the tourism industry is booming, with people always coming to the beautiful state for business or for pleasure purposes. If you’re thinking about trying your hand at the rental game, then there are a few aspects to consider before you open your doors to vacationers. Here are a few of them.
Home Insurance for Renters
If you don’t have St. Augustine, FL, condo insurance, then you might want to consider acquiring some. Insurance is going to make sure that if an accident occurs while the vacationers are there, you are protected. You could be put out of business if something happens and you’re unprotected. Lawsuits, damage costs, and other expenditures could add up substantially. St. Augustine, FL, condo insurance can help you cover those potential costs.
Keep Things Clean
You’re going to have people occupying the condo. You don’t want your items to be there when they’re staying there. You should have a storage unit where you can put your more personal belongings that shouldn’t be touched by others. You’ll also either want to hire a cleaning service or clean the condo yourself. Vacationers don’t want to stay somewhere that is unsanitary. It could be a health violation that keeps others from renting out the place in the future, and renters could leave you bad reviews online.
How to Provide Locks and Keys
One last aspect to consider is how you’re going to deal with lock and keys. The safest route is to change locks after each vacationer leaves. You can also use a security code box and just change the code. While most vacationers likely won’t be into criminal activity, it’s best not to chance it if you’re planning to ever stay in the condo yourself. You’ll also need to consider any gate security clearances that your visitors will need.
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