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Updated over 3 years ago,
Duplex - Short-term and Long-term Renters in same Building?
I am looking at a duplex in a vacation destination. One unit is currently rented on a 12-month lease and the other unit is vacant. My ultimate plan is to do short-term rentals for both units. But with the current tenant in-place it got me thinking about doing one unit short-term and one unit long-term. The units are side-by-side with their own entry and driveway. In theory the idea seems great - diversified income streams with one tenant paying consistently while the other half ebbs and flows with short-term renters. But in practice I can see the issues - short-term renters are too loud for long-term renters. Or vice versa - the short-term renters are uncomfortable vacationing next to long-term renters in their day-to-day. Does anyone have any experience with this and if so, how did it turn out?
Thanks
Kyle