Do you dream of quitting your job and earning passive
income? If you own or rent property,
especially property that is private, beautiful, and in a desirable location,
you can make probably make a huge income renting space. Luxury camping or “glamping” has become big
business. Many companies such as AutoCamp,
Under Canvas, and Glampotel, are investing millions into offering rustic accommodations
in natural settings. Websites like
HipCamp and Airbnb offer vacationers the opportunity to rent anything from a
patch of dirt for a tent to an Airstream trailer or cabin. If you own property, or even just rent it, you
too can get in on the action.
Many vacationers will spend as much as $700/night for a
glamping experience. Ventana Big Sur on
the California coast charges $525/night for a fancy tent. There are just several steps to getting set
up to rent out space on your property.
1. Zoning. You’ll need to contact your city to see if renting
out space on your property on a short-term basis (30 days or less) is allowed. Some cities only allow short-term rentals in
areas zoned for a hospitality use.
Moreover, many cities require owners to pay hotel taxes on their short-term
rental income. Booking sites such as
Airbnb can automatically add the tax onto bookings to make the process more
seamless. If you plan to build numerous
cabins or guest rooms on your property, then you might need a conditional use permit
from the city, in which case you may need to hire an architect to assist you.
2. Accommodations.
Building a permanent structure requires a permit which is a lengthy and
expensive process. Permitting in a
typical California town can take about 6 months and can add about $25k to the
construction cost. Zen Dens, luxury
off-grid guest rooms are the perfect solution.
They can be fully self-contained and easily moved. They can be financed for under $400/month
with an RV loan, and they can be delivered within 3 months of ordering, and do
not require a building permit. Learn
more at www.zendentinyom.com.
3. Booking:
Airbnb, VRBO, and the newer HipCamp, are some of the websites that make
booking easy and simple, offering insurance in case anything is damaged, a means
to make a claim on a security deposit, and seamless payments through Paypal. It can also help to have your own website and
advertise with Google adwords.
If you don’t own property, you can consider renting and
living on a property that has extra space.
Just make sure your lease allows you to rent out space. Or perhaps the rental income will make it
financially feasible for you to purchase.
As more and more people are looking to have unique experiences and
unplug from the stress of everyday life, this might just be the perfect time to
get into the business.
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