Short-term
Vs
Long Term
1
Higher Rental Income
Properties rented out on a short-term basis often command higher daily or weekly rates compared to long-term rentals. This can lead to higher overall income, especially in popular tourist destinations or during peak seasons.
2
Flexibility
The landlord has more flexibility to adjust rental prices based on demand, season, or other factors. Additionally, the property can be used for personal purposes between guest stays.
3
Better Property Maintenance
Frequent turnovers mean the property is cleaned and maintained regularly, potentially leading to less wear and tear over time.
4
Opportunity to Use the Property
The owner can block off dates for personal use of the property, something that’s not possible with a long-term tenant in place.
5
Less Risk of Non-Payment
Payments are usually secured upfront, and the risk of non-payment or late payment is often lower compared to long-term rentals.
6
Easier to Evict Problematic Tenants
If a guest is problematic, they are usually only there for a short period, and it’s easier to ensure they don’t return.
7
Access to a Global Audience
Online platforms like Airbnb or VRBO provide access to a large audience of potential renters from around the world, increasing the potential for bookings
