5 Reasons to invest in Short Term Lets

1 Higher Rental Income

The biggest advantage of buying short-term rentals is the potential rental income. More traveler's now prefer staying in vacation rentals listed on platforms like Airbnb, HomeAway, and VRBO over staying in hotels. Apart from having access to a complete home, they are typically cheaper for traveler's. If you manage to attract a steady stream of guests, the potential return on investment can be even higher than renting out a property on a long-term basis.

2  Flexibility in Pricing

Another reason to consider investing in short-term rentals in 2020 is the fact that you can set up your own price. As a host, you can increase the rental rate depending on the demand to maximize your returns.

3  Flexibility in Use

Real estate investors who own Airbnb rental properties have the option of blocking off dates when they don't want to lease them. For instance, if you want to use the investment property, will be out of town, or want to do a major repair, you can do so easily.

4  More Control Over Your Investment Property

Unlike long-term rentals, you will be able to check on your short-term rental regularly, clean it, and do required maintenance.

5 Cultural Experiences

This type of rental property allows you to meet several people from all walks of life and from different places. If you love meeting new people and learning new things, this aspect of the business can be attractive.

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