4 Advantages of Short Term Rentals

4 Advantages of Short Term Rentals

Short-term rentals, sometimes known as vacation rentals such as Airbnb, are properties that are rented out for a period of time of more than a day but less than six months – anything longer than six months is known as long term. These types of rentals are popular with holiday makers and business people working away from home. If you want to know more, read on and learn about the advantages of short-term rentals.

Better Than a Hotel

If you are staying in a short-term rental, most properties come filled with furniture, bedding, towels, and kitchenware – everything you need apart from groceries and a bottle of wine. Unlike a hotel room, you can fully unpack your clothing and hang it all in a spacious wardrobe, enjoy more to eat than a cup of tea and a piece of complimentary shortbread or extortionately priced meal ordered via room service, and have more privacy and space than most hotels have to offer.

Many vacation rentals are unique properties such as converted stables, old schoolhouses, and townhouses, so it gives you the opportunity to stay in accommodation you might never have the chance to live in or lease long term.

Great for Families

If you add traveling with children, short-term rental properties can be ideal because they are more spacious than hotel rooms and are more like a home from home. You will have space to accommodate your baby essentials such as strollers, high chairs, cots, and toys. Some properties will supply these items for you upon your request. When required, DelSuites in Toronto, for example, will stock the cupboards and fridge freezers in their apartments before guests arrive – an excellent service if you have a young family and don’t want to do a grocery shop after traveling a long distance.

Unlike most hotels, many short-term rentals will accommodate dogs – so the whole family can enjoy their stay.

Financial Advantages

For those staying in them, short-term rentals can make financial sense as they can be cheaper than staying in a hotel for an extended period of time.

Property owners benefit from leasing their accommodation short-term as they can charge more than if they were to lease the property to tenants for a period longer than six months. Statistics have shown that short-term lets can earn homeowners 60% higher profits than long-term lets. When a property isn’t rented out for an extended period, vacation rental owners may be entitled to certain tax breaks or even deductible property expenses.

Suitable for Different Needs

Short-term rental properties are ideal for people who need to stay somewhere for longer than a couple of weeks but less than six months. Those who need to travel for work and stay awhile to work on a company project might use such a property rather than be stuck in a hotel room for weeks on end.

If a person needs to vacate their own home for reasons such as they are having major renovations done and they don’t want to live in their home as it takes place, a holiday rental is a great solution. Another reason to use such accommodation is if a person is moving to a new area and wants to get to know the districts and see what they like before they commit to buying a property or committing to a long-term lease.

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