If you’re in a location where tourism is seasonal, there is no guarantee that your property will be occupied the entire year. What are the disadvantages of short term leases such as AirBnBs? Based on your needs, you can switch from short-term stay to long-term rental easily. Short-term stays allow for the property to “breathe” owners can have regular maintenance checks and upgrades if necessary, and overall cleaning. You can increase your rates for every new set of guests. Short-term rates have a higher potential to generate more revenue especially if you are in a very good location. Short-term stays allow property owners the opportunity to use their properties in between guests. What are the advantages of short term leases such as AirBnBs? Check out our list so you can see for yourself which one you will have for your rental. There are several advantages and disadvantages to leasing your space short term and long term. When the term goes over a year, it is already falls under long term lease. However, some landlords offer short term leases on a week-to-week basis. But it could be as short as one month to one year. What is the difference between the two? And which is better for my property?Ĭommonly, short term lease averages for six months.

Long term stay airbnb