Airbnb Advertising – Best Airbnb Marketing Strategies
- January 14, 2022
Airbnb is getting more popular by the day, and with more individuals venturing into the Airbnb business, it has become…Read More
Long-term rentals are the conventional unfurnished property leased out for at least six months. Usually, most people rent long-term rentals for one year or more. On the other hand, short-term rentals or vacation rentals are furnished and leased out for a short period to guests, typically through holiday rental property management companies. This can be for as little as a few days or weeks. Both types of properties can be categorised as real estate investments.
You can receive income from both properties however, the main difference is that the income from long-term rentals is more consistent. Please continue reading to find out more about short and long-term property rentals.
Recently, short-term property rental has been on the rise. More property owners choose to let out their property to guests for shorter periods and can potentially get more bookings, therefore, making it more lucrative than long-term property rentals. Below are some advantages and disadvantages of short-term rentals.
Both long-term and short-term rentals have their upsides and downsides.
For instance, long-term rentals offer you more consistent and reliable income but are less flexible. On the other hand, short-term rentals offer unrivalled flexibility.
In addition to offering a higher rental income potential, short-term rentals are also an excellent investment in real estate. The best part is that you do not need to own a second home to rent it out short term.
However, keep in mind that choosing to go with short-term rentals can mean you may end up having too many things to manage.
Not sure which option to pick? You can also choose both: you can rent out your property long-term, and when it’s vacant, you can still rent it out to travellers as a short-term rental.
If you are conflicted on the perfect rental option, short-term rentals may be a better choice. They have more benefits to offer, and with the right tools and proper planning, they can be a steady source of income.
Short-term rentals not only present you with an excellent investment opportunity, but they are also a better option than hotels for travellers. They offer you more privacy and often feel like a second home. Depending on your needs and budget, there are plenty of short-term stays to choose from. At bnbbooking, we are well equipped and experienced in helping people to maximise their rental income from their holidays home when not in use.
If you are looking to rent out your property to holidaymakers, please call us at bnbbooking today on 1300 421 029 or leave an enquiry and we will get back to you as soon as possible.