Park County Short Term Rental Information
Short Term Rentals (STR) Can Be a Good Investment
Renting out your home as a short-term rental has become a popular option for homeowners. With the rise of vacation rental platforms like Airbnb, homeowners can now easily turn their homes into income-generating properties. In this blog, we’ll discuss the benefits of using your home as a short-term rental. At the end of this blog you will find links to information and applications.
1. Extra Income
One of the biggest benefits of using your home as a short-term rental is the extra income it generates. By renting out your home to guests, you can earn a significant amount of money that can help offset your mortgage, pay for home improvements, or even finance a family vacation. In some cases, homeowners have been able to generate enough income to cover their entire mortgage payment.
Renting out your home as a short-term rental gives you the flexibility to choose when you want to rent your property. You can rent your home out during peak season or when you’re away on vacation. You can also choose how long you want to rent your home for, from a few days to several weeks.
Renting out your home as a short-term rental gives you control over who stays in your home. You can screen guests and choose to accept or decline bookings based on your own preferences. This level of control ensures that your home is well-cared for and that you’re comfortable with the guests who are staying there.
4. Tax Benefits
There may be tax benefits to using your home as a short-term rental. Depending on your location, you may be able to deduct certain expenses related to the rental, such as cleaning and maintenance costs.
By renting out your home as a short-term rental, you can deter burglars and vandals who may target vacant homes. Having guests in your home can also provide an additional level of security by deterring crime in your neighborhood.
In conclusion, renting out your home as a short-term rental can provide many benefits, including extra income, flexibility, control, tax benefits, and security. However, before you decide to rent out your home, make sure to research local regulations and insurance requirements to ensure that you’re compliant with all laws and protected in case of any issues.
Unincorporated Park County
Unincorporated refers to an area or community that is not governed by its own municipal government or incorporated into an existing municipality. This means that it does not have a mayor, city council, or other elected officials and services such as police, fire, and utilities may be provided by the county or state government instead. If your cabin/home is outside city/town limits then you are in "unincorporated Park County". If you are not sure if your intended rental cabin/home is in an unincorporated area you can contact Park County at [email protected].
Contact: [email protected]
Contact Janell Sciaccca, Towm Administrator at 719-836-2622 Ext 102
Contact: any town staff at 719-836-2712
Kevin Copeland- Broker/Owner
Email: [email protected]
Cell Phone: 970.368.0025
Office Phone: 719.838.7001