Should I convert my apartment into a short-term rental?
At Short Stay Property Management we can help you make that decision with a realistic assessment of the income you can hope to earn. It’s not uncommon to earn significantly more via renting your home for short-stays than renting it via a traditional lease. This is particularly true for properties in high demand areas such as in major cities or holiday destinations.
Positives of Short-Term Renting
Less Wear And Tear
That’s right. While long-term tenants probably use the kitchen and spend more time inside, a short-term renter is only in your city for a few days and is likely to eat out and spend a lot of time outside, thus only using your bathroom and bedrooms.
Yes, some guests cook, but overall, there will be fewer footsteps in your house and fewer amenities used. Additionally, you will be cleaning 3-4x per month. Your home will permanently be in sellable condition.
Contrary to popular belief, renting on Airbnb results in LESS wear and tear.
Higher Market Value
Absolutely. If you rent your home out on a short-term basis, you can sell for a higher price when that time comes as long as you kept good records of your income and expenses.
Flexible Use Of Property
Unlike long-term rentals, you can now block off your calendar when you want to use your space. And, it will likely be a beautiful space, one you can subtly brag to your friends and family about.
Income
As mentioned above, you have the potential to make a lot more money
To know more about if your property is suited for use short-stay rental please get in touch with us at https://sspm.com.au contact us by email – host@sspm.com.au or call us on 0404 662 312 to find out more about how we can help you maximize the return from your property.