Pros and cons of short term rentals vs. long term rentals

[Maria Checchin]

• Long term vacation rentals are properties rented for one month or longer, while short term rentals are properties rented for one evening up to one month.
• There are pros and cons to each type of vacation rental property:
  • Pros of short term rentals:
    • Personal vacation use
    • Less wear and tear
    • Easier maintenance
    • More overall rental income
    • Price Adjustment
  • Cons of short term rentals:
    • Competitive markets
    • Maintenance and repairs
    • Off-season vacancies
    • Property management
• Deciding between short term and long term rentals depends on the market and the investor's personal preference.