Washington DC Airbnb Property Management

Primary Residence: Only primary residences can be used for short-term rentals. This means that the property must be the host's permanent home where they live for at least 183 days during the calendar year.

License Required:   Hosts are required to have a valid Short-Term Rental License issued by the Department of Consumer and Regulatory Affairs (DCRA). To obtain a license, hosts must meet certain requirements and pass a basic business license inspection.

Absence Limit:   There's a limit on how many days a host can rent out their home while they're absent. As of my knowledge cutoff in 2021, it was 90 days per year. However, there's no limit on renting out a portion of your home while you're present.

Insurance:   Hosts are required to maintain liability insurance of at least $500,000 or participate in an insurance program provided by the booking platform.

Taxes:   Hosts must collect and remit a 14.95% sales tax on short-term rentals. Some booking platforms, like Airbnb, may collect and remit these taxes on behalf of the host.

Record Keeping:   Hosts are required to keep records of each short-term rental transaction for at least 3 years.

Safety Requirements:   Hosts must comply with all relevant safety, health, and housing standards. We can perform these actions as a short-term rental property management company.

As of my knowledge cutoff in September 2021, I don't have specific data on Airbnb occupancy rates in Washington D.C. It's important to note that these rates can fluctuate due to many factors such as seasonality, special events, changes in travel trends, and more.

Typically, cities with a high tourist demand, like Washington D.C., may have higher occupancy rates, especially during peak travel seasons or during large events. However, the COVID-19 pandemic has had a significant impact on travel and may have affected occupancy rates.

For the most current and accurate data, I would recommend checking with Airbnb directly if they provide such data, or using a service that provides Airbnb market data analysis. These services often provide information on occupancy rates, average nightly prices, revenue data, and more. It's also beneficial to keep an eye on local regulations, as changes can impact the short-term rental market.

Please note that occupancy rates alone don't necessarily indicate profitability, as factors like nightly rates, expenses, and the number of available listings can also significantly impact revenue.

Soda Stays integrates the finest aspects of Vacasa and Evolve, providing you with a comprehensive solution. Like Vacasa, we offer full-service property management, but we only charge 15% of revenue, akin to Evolve's model.

Vacasa, much like Soda Stays, provides all-inclusive property management, handling every detail for you. But, where Vacasa falls short is in its high fees, often charging extra for specific services. So, while it offers full-service, it comes with a hefty price tag.

On the other hand, Evolve offers a semi-service property management model, stripping out many crucial services like cleaning and maintenance. Despite the reduced services, Evolve only charges a 15% share of the revenue.

At Soda Stays, we blend the best of both worlds - providing comprehensive, full-service property management at a fair and competitive rate of 15% of the revenue. With us, you get premium service without premium costs.