@Rachael Coan - I don't see anything really inflammatory in what the City of Toledo is requiring beyond normal, professional and responsible landlord liability stuff... a short term rental is offering housing to the public and provisions have to be in place to ensure the public is protected; especially from lessors who aren't local and aren't licensed property managers with experience and capabilities in the market they are serving.
- Certificate of tax and public utility compliance. Pay your taxes and ensure utilities are active and compliant. Shouldn't be an issue but I would presume there have been issues with the public renting properties where utilities aren't active and the public has been harmed.
- Evidence of compliance with any applicable rental registry requirements. Yup, Toledo has a rental registry; register! You can register online for free!
- Proof of general liability insurance in the amount of at least $1 million. Pretty standard. All of my personal properties have this limit and every client of our brokerage must have this amount of liability coverage for us to do business on their behalf... to rent to the public without liability insurance is insanity in my opinion. Don't wait until you have hurt the public before you have insurance. That's a sure way to bankruptcy so this should be an redundant request.
- Local Contact Person. An individual who shall be available twenty four (24) hours a day, seven days a week to respond as necessary, within 45 minutes of notification of a complaint regarding the condition, operation or conduct of occupants of the Short-Term Rental Unit and taking remedial action as necessary to resolve an such complaints. (outside of typical small biz hours!) Yup! If you are offering housing, you will need to have a local representative to handle emergencies. It should be even faster in a short-term rental because one night of lost use may be 50% of the client's time in your property. Be prepared. (Did I mention my brokerage offers this service already? I personally answer the phones some of the time to ensure our residents are supported in case of an emergency. It's the reason that LaPlante Real Estate doesn't service a 250 mile radius but 10 miles... we have to be able to respond when the phone rings and have boots on the ground when the sh*t truly hits the fan!)
- All applications shall be accompanied by an Application Fee of $50.00. I can't say I'm bothered by the fee. If I am familiar with anything about Toledo, this is the one you can get out of by being easy to work with and ask Toledo for a re-occurring delay. Make friends with city council and you can wipe this out... then again who really cares, pass along a $10 service fee to short term renters and focus on growing your business.
What I read into the City of Toledo mandate is that internet (non-local) sites have been renting properties to paying clients who travel long distances for their "short term rental" to find out the property has no utilities, no emergency contacts, no-one who really knows what is going on, and when someone gets hurt there isn't reasonable insurance in place to cover losses. Ultimately the owner get sued and truly hurt, and if they are slime-balls, they have been fraudulently listing properties that are condemned or they don't even own.
Trust me, if silliness can happen at any cost to the public, we have a segment of society who are only too willing to post false advertisement and lease irresponsibly. It's up to all of us to ensure that reasonable standards are upheld. Short term rentals are a business. Treat them like one, and be ready to be citizens of the market you are providing housing within.