long term vs short term rentals 

Gray Frame Corner
Gray Frame Corner

Which one makes more money?

In most situations, short-term rentals will make more than long-term.

Do you like dealing with people?

Short-term rentals are a hospitality business as much or more than a real estate business. You will be interacting with people more and in more interesting ways.

Do you have time for a Longer setup?

With long-term rentals, the level of required amenities is quite low.. With Airbnb, there is much more setup involved. 

How Important is Scalability?

If you grow your portfolio at a few units per year, scaling short term probably will not present any major management problems.

Difference in Headaches

There are fires that the owner or manager has to put out on a routine basis. The hiccups that come along with a short-term rental are usually different. There are a lot of communication-related tasks which require work.

So which should it be?

If you are looking to build a business in real estate that can offer more options for growth than only from acquiring more units, then STR may be for you.

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