Occupancy: Property needs to be able to be rented out at least 80% of the year at around 290 days available for guest usage.
Location: The property should be situated in an attractive and desirable location that is popular among tourists or vacationers. At this time TruStays is only onboarding in Collier County and will eventually expand in Lee County.
Size and amenities: The property should be spacious enough to accommodate guests comfortably. It should have the necessary amenities such as bedrooms, bathrooms, a kitchen, living areas, and possibly additional features like a swimming pool, hot tub, or outdoor recreational spaces. All amenities need to be in working and functioning condition.
Safety and security: The property must meet safety standards and have appropriate measures in place to ensure the security of its guests. This may include features like secure entrances, functioning locks, fire safety equipment, and well-maintained premises.
Cleanliness and maintenance: The property should be clean, well-maintained, and in good condition.
Legal compliance: The property must comply with all local laws and regulations related to vacation rentals. This may include obtaining necessary licenses or permits. TruStays will assist with Ordinances, HOA regulations, and submitting necessary tax paperwork.