short-term-rental-management

 

Thank you for continuing to follow our series. Last week, you learned that short term rental management is one of the hottest trends in the real estate market and in the property management sector.

Because you have the ability to charge higher rates for short term rentals, you have the ability to generate higher profits – especially in Denver and the surrounding areas. Short term rentals are attractive to travelers that are visiting the area for special events, as well as corporations that require short-term accommodations.

This week, we will continue to expound on the numerous rewards associated with the short term management sector.

Tax Breaks
If you elect to start up a business in short term rentals in and/or around Denver, you will discover that you are eligible to receive a large number of tax breaks.

To start with, it is possible to get tax breaks on operating costs, advertising expenses, and education expenses. For example, if you hold a seminar on how to get started in vacation rentals, you may get a tax break for the event.

If you elect to advertise to major corporations, you may get a tax break on the expenses associated with the advertising! Best of all, though, if you rent out your property less than two weeks out of the year, you do not have to pay taxes on your profits!

If you rent your property more than 15 days out of the year, you may still qualify for tax breaks associated with end-of-the-year purchases.  Examples include purchasing new furniture, remodeling the rental, or hiring a writer to help in composing sales copy for your property!

helping-community-short-term-rental manaementCommunity-Based Rewards
As a short term rental owner, you might look good to the community. For example, your neighbors and neighboring businesses may feel that you are promoting tourism, helping the local economy.

According to studies, short term rentals actually help to increase property values of nearby homes in a community.  As an owner of short term rentals, it is your responsibility to keep your property looking its best. With a beautiful high-end rental, you make the community look good! They may reward you dearly for it.

As you can see, there are many rewards for short term rental management. If you are looking for a way to dramatically increase your profits while doing less the work, this is the way to go!

Owning a rental is an ideal solution for those that have a passion for providing services and resources to a community. You are opening up opportunities for yourself and the community in which the property is located. This is especially true in Denver and the surrounding areas!

For more information, visit us today at: https://rentmedenver.com/

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