Why I like STR much more than Long-Term Renting

[Mike Eichler]

I've been involved in Real Estate for a year now. I jumped right in with a Short term rental management 

company (Liberty City Living). Throughout my time it was very fun to watch the company grow from a mere

60 units in Philadelphia managed, to over 200 managed in multiple markets just a year later. Ever since I was 

in high school learning about Investing and real estate and finance via Youtube, BP, books, podcasts, etc.

I knew that real estate would be my game to play. One strange thing occurred though, In my mind, Long term

renting would totally be what I got into, via Househacking a duplex or something of that nature, but when I 

started to get involved with property management of Short term rentals, my perspective changed dramatically.

My entire plan of Long Term renting would go straight out the window and now I was only after STR properties.

Here are some of the major reasons why I like STR much better than Long Term Renting:

Guests PAY FIRST, before getting info about how to get to the place and how to get in they must pay first, so there 

is no worry about a tenant paying on time.

Bad tenants are gone after the reservation, so it makes rowdy guest reservations quick and then they are gone

Tenants sometimes damage items whether it's long or short, but with STR, you are able to chargeback guests and 

get compensation for damaged or broken items at your place, so there isn't much worry there.

The rental income is typically much more than Longer-term renting as I have seen, you can expect a 2-3x increase

in cash flow for Short term rental properties compared to Long Term

When you offload the work to a Property management company, there is nothing to worry about as an owner you 

are simply able to collect a check each month and that's it. 

- Mike Eichler

                                                    What are your thoughts on these, are there any I missed?

[Luke Carl]

1. Management is not investing. 
2. long term or short term they’re both better than the stock market!