Short-term vs Long-term Rentals: Which is Better?

What are the main differences between short-term and long-term rentals?

Short-term rentals are typically leased for less than a month, while long-term rentals are usually for a year or more.

What are the advantages of short-term rentals?

Short-term rentals can provide higher income potential, flexibility for guests, and less wear and tear on the property.

Are there any downsides to long-term rentals?

Yes, long-term rentals can lead to less income during vacancies, and you may have to deal with difficult tenants for extended periods.

Which option is better for a new property owner?

It depends on your goals. If you want steady income, long-term rentals might be better. For higher returns, consider short-term rentals.