What’s your VOTE?
Would you rather have a short-term rental or a long-term rental business?
Short-term rentals are typically rented on a daily, weekly, or monthly basis. These are usually vacation homes. Meanwhile long-term rentals are usually rented with a 12-month lease term (or more) and have a fixed rental rate.
Each choice has its own pros and cons. Short-term rentals can be more lucrative but can also have its off-season. On the other hand, long-term rentals can provide you with more security.
Have you decided which is better? Share with me in the comments section!
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