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Confused about short term rentals in Austin? Becoming a compliant short term rental host is a great way to safely make some extra money, and the process doesn’t have to require tons of sweat or months of effort. This guide will explain the existing city regulations and provide easy ways to stay compliant as a short term rental host including the short-term rental application instructions, yearly renewal requirements and other important documents you must obtain. Keep reading to learn about how short term rentals are taxed, and find out about requirements for insurance and liability. This guide will also share statistics about Austin’s short term rental market collected from Airbnb. Learn more about what times of the year are more popular for rentals and find out how much money a short term renter can expect to make in this market. After reading this helpful infographic, it might feel like a no-brainer to start renting out your property short term.
Pillow is solving short-term rentals for multifamily properties, allowing building owners and property managers to have control and transparency over short-term rentals while enabling their residents to rent their units short-term on Airbnb. When someone books a short-term rental reservation with a resident, building owners are earning 10 percent of each booked reservation allowing them to invest back into their communities or help cover management expenses. Additionally, building owners receive daily and weekly short-term rental activity reports with key reservation information including dates, guests’ names and contact information. Landlords can also leverage Pillow’s Vacant Unit module to manage and monetize vacant units. With Pillow, landlords can rent out their empty units for a few nights at a time to make the most of this valuable asset. Pillow charges an 8 percent fee per completed reservation: the average property manager can make 10-30 percent more than typical market value by offering short-term rentals in addition to traditional leases. All in all, Pillow offers a one stop shop for managing short term rentals in multifamily buildings. With one service, you can offer your residents the flexibility to do the same and easily monetize your vacant units.
If you own a multifamily complex or management company and are interested in providing short-term rentals, email email@example.com or visit www.pillow.com.