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Updated over 4 years ago,
Weekly rentals vs Monthly?
My 26 unit apartment complex currently charges weekly rates and has seen a slight drop off in rent since the crisis began but not as big as I first thought it would. When I read articles and watch videos of other landlords I feel lucky to have it only drop off slightly as it did, but I still wonder if it would be better if i were charging per month.
So my question is in the time we are currently in do you think it would be better to stay with my short term rentals or does the market seem to be going more in the direction of longer term rentals and should I switch to longer term to maybe protect myself more?