Getting Started & Best Practices

Getting Started In The Vacation Rental Industry

Best Practices and Tips

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* 1. Having an ADA compliant website means that?

Every property being rented on the website is handicap accessible

The website has accommodations for the visually impaired

The website has photos of all ADA compliant homes and access/egress points

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* 2. Buying a property with which roof type in Florida may get you an insurance discount?

Hip Roof

Gable Roof

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* 3. What are the good rules to follow when choosing a new vacation rental property?

Knowing the market conditions for your area

What is the potential rental income for that area annually for STR's

What local and state regulations might limit my rental ability

All of the above

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* 4. True or false? Deposits received from guests before arrival at your vacation rental home should be held in a separate account from your operating funds?

True

False

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* 5. True or False? How you hold a vacation rental property in ownership is a one size fits all approach in the state of Florida because every situation is the same for short term rentals?

True

False

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* 6. Obtaining a resale certificate in the State of Florida allows you the ability to avoid paying sales taxes on certain vacation rental items?

True

False

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* 7. If your property is Homesteaded in FL you must do the following before renting as a short term rental?

Remove all contents of the home before renting to guests and replace with new furnishings that have never been used

Make sure the property has no existing liens by contractors and government entities

Remove all homesteading approvals before renting as a short term rental to comply with state law

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* 8. A safe practice for the use of video cameras on a vacation rental is?

Do not record any guest audio on the premises

Keep front door video cameras only

Be careful not to record neighboring properties

All of the above

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* 9. It is against the law to charge credit card processing fees?

True

False

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* 10. When is a balcony inspection needed for your state licensing of vacation rentals with a balcony on site?

When you rent 4 or more times per year

Always when a balcony exists

Only when the total building height is 6 stories or higher