Airbnb and Short-Term Rental Regulations for Aurora

Traveling can be quite expensive, so many travelers on a budget prefer to utilize the services of Airbnb to help save money. It can make the host a pretty penny as well, but there are some rules and regulations to follow to ensure no trouble is caused. You can find the full details on the regulations for the city of Aurora here, or keep reading this article for some extra tips to make sure everything goes smoothly.

After obtaining all the proper documentation, permits, and agreements for starting a short-term rental, you still are not finished yet. Depending on the county you are in, the tax percentage varies from 4.25% to 5%, so it is crucial to make sure every detail about your rental is documented properly or else big trouble could come your way. The cost to register for the necessary tax license is $40, and for $26 every two years the license is renewed.

You will also have to make sure your rental is inspected, although in-person inspections are not required. Despite this, you still have the responsibility to ensure a carbon monoxide detector is installed in the building, as it is a state law requirement. Without in-person exceptions required, some owners may skimp out on this; however, it is much safer in the long run to invest in this anyway to prevent any future issues that may penalize you.

There are plenty of things to consider when using Airbnb or other short-term rentals to make extra money, and it is absolutely crucial that you follow every guideline for your city to ensure your business can continue running.