Positives Of Owing Short Term Rentals

In the last couple of years, the market for real estate has grown to incorporate a new thrilling asset class. With the advent of new platforms such as Airbnb, VRBO, HomeAway, and even Facebook the short-term rental market has exploded. In contrast to a long-term rental, a shorter-term rental is one that is rented fully furnished and turnkey for weeks or days similar to the hotel. Although there is a lot more turnover in short-term rentals, this type of investment can yield higher annual rental income as compared to long-term rental properties. 

Although that may sound exciting, there are numerous factors to consider before making the change. What is involved in changing from a long-term to a short-term rental? Do you really earn more money than long-term rentals? What is the difference? What are the dangers? These are only a handful of the aspects that property managers and homeowners firms must research before deciding to enter the business of short-term rentals in Northampton and Luton.

Short-Term Rentals Air BNB

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The short-term rental option gives you plenty of flexibility. Each decision is made by the property owner. They can alter the rates for nightly stays based on the time of the year the property type and needs for the area. They can also decide on the minimum night stay for more sought-after dates, such as weekends, holidays, and other occasions. 

Less wear and tear on the property:

It's a fact that is often a source of shock for many people, but the truth is that when renters come often in and out it is possible to address minor repairs right away before they become major issues. There will be staff cleaning the apartment every day, which makes it much easier to watch things and deal with problems as they develop.