According to the U.S. Economic Development Administration (EDA), Park City, UT, has a small population of 8,000 people but has an impressive visitation rate: it welcomes 600,000+ visitors yearly!
So, if you own a property in this charming resort town, now is an excellent time to consider renting your home to travelers. With a Park City vacation rental business, you can generate extra income while contributing to the city's economy.
Unsure where to start? Don't worry. Our team at PMI Mountain Collection has shared home rental tips to help you host travelers successfully.
Ensure Your Home Meets Park City Municipal Code
According to the Park City Government, anyone who wishes to offer short-term lodging for a profit must obtain a Nightly License Rental. But before you can get one, you must ensure your property meets sections 4-2-1 and 4-5-3 of the city's Municipal Code. Some of the rules under these sections include making the following mandatory:
- Snow removal
- Summer yard maintenance
- Structural maintenance
- Trash collection
- Housekeeping and routine upkeep
- Noise and occupancy control
Failure to comply with those rules can result in your license application getting rejected. So, before you apply for a Nightly Rental License, ensure your home is up to code.
Obtain a Nightly License Rental
Park City's Nightly Rental License allows owners to rent their properties for less than 30 days. Apply for this after ensuring your property is up to code since you must schedule an inspection soon after you've applied for the license.
The city's Building Department will inspect your home and issue a Nightly Rental Inspection Report. You must then email this to nightly_rental@parkcity.org. If you pass the inspection, you should receive your Nightly License Rental.
Maximize Rental Income With Expert Marketing Strategies
Once you receive your Nightly License Rental, you can start advertising and marketing your home to travelers. You can use platforms like Airbnb, VRBO, and Booking.com.
One way to optimize your listings on vacation rental platforms is to use concise and descriptive terms. You should highlight the best features of your property, such as:
- Spaciousness
- Amenities, like Wi-Fi, fully equipped kitchen, outdoor space, etc.
- Boasting incredible sunset or sunrise views
- Is pet-friendly
Ensure you also back your attention-grabbing property descriptions with high-quality photos and videos.
Get a Property Manager
While becoming a Park City vacation rental host can be lucrative, it's a 24/job, especially when you have guests. If you don't have time to cater to their needs while ensuring they follow your rules and the city's ordinances, it's best to partner with a vacation rental management firm. Your dedicated property manager will take over your administrative tasks, from marketing to booking, guest management, and property upkeep and repairs.
Make Renting Your Home to Travelers a Breeze
Renting your home to travelers in Park City, UT, can earn you a hefty income, but it's also time-consuming and legally complex. Luckily, PMI Mountain Collection is here to save the day.
We're a full-service, short-term rental property management company. We're a family-owned and locally operated firm, making us an excellent choice to manage your Park City vacation rental business. We're also a proud franchisee of PMI, a trusted national brand that has been a leader in property management for nearly 20 years.
Reach out to us today to get your free consultation!
