Short-Term VS Annual Long-Term Rentals
Short-Term VS Annual Long-Term Rentals Why choose to deal with the headaches of short-term rentals? Dealing with the constant flow of guest communication, reviews, rebooking and payments can be a daunting task. Why don't owners simply lend their property in the classic long term? We get more and more questions from homeowners and investors considering short-term rentals, and we're happy to explain the difference between short-term rentals and traditional annual long-term rentals. What is a Short-Term Rental? A short-term rental (also known as a holiday rental) is a short-term rental of a furnished ancillary property. Depending on the owner, rental location, and many other factors, these properties are rented on a weekly, nightly, or monthly basis. Many short-term rental unit owners rent out their property for most of the year when they are not using it themselves. Especially with the advent of sharing economy websites such as A...