Your Guide to Short Term Rentals

As one of the fastest-growing cities in the nation, Austin has become the place to be whether for a couple of days or for a lifetime. With all the growth, finding a place to hang one’s hat while taking in all the city has to offer has become a challenge. One solution is providing temporary housing. Short-term rentals provide a perfect pairing for tenants and owners alike. Whether it is for an extended vacation, business travel, temporary housing until a permanent residence is available, or an academic event, vacationers are looking at better alternatives than hotels. Property owners with extra rooms available can net higher rates than a long-term lease in the rental market and yet still be more affordable than hotels while giving a more authentic Austin atmosphere to visitors.

In order to microsublet in Austin, property owners must complete the Short-Term Licensing Program through the City of Austin. This includes:

  • Short-term Rental Application
  • A $285 fee
  • Proof of property insurance
  • Proof of payment of hotel occupancy taxes (if applicable)
  • Certificate of occupancy or certified inspection.

The Short-Term Licensing Program is mandatory for any rental of a residential dwelling unit or accessory building on a temporary basis for periods of less than 30 consecutive days. For questions and additional information about obtaining licensing email STRLicensing@austintexas.gov, call 3-1-1, or visit one of the following sites:

Once the licensing has been approved, it is time to market your rental. Websites like Airbnb.com, Roomorama.com, HomeAway.com, and VacationRentals.com generate steady traffic of vacationers. For academic events, consider the Utexas.edu’s Housing Guide, Sabbaticalhomes.com, or Academichomes.com. Business and executive travelers look for short-term rentals at Metrosetter.com, Bridgestreet.com, and Execustay.com, but larger companies also look at Corporate Housing by Owners.

To list a rental, include inviting photos and be sure to list all the amenities available, the area of town the rental is located and what is nearby. Highlight what makes the space unique and do research of what other rentals nearby cost before deciding on the rental rate. Some of the rental sites listed above also have community pages and forums available to share information which could be helpful for property owners new to short-term renting.

Lastly, when considering Short-Term Leasing, factor in maintenance, utilities, general upkeep and annual fees. Property owners are eligible for certain tax breaks that could offset some of the operating, advertising and other costs.

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The data relating to real estate for sale on this web site comes in part from the Austin/Central Texas Realty Information Service (ACTRIS).

 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Austin Northwest shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.