Long Term vs. Short Term Rentals

Long Term Rentals

Long term rentals come with a level of stress that includes keeping up with laws and regulations, the time and energy to find a decent tenant, chasing rent, abuse on your appliances from regular use, wear on the surfaces of your home from heavy use and lack of regular cleaning. The unpredictability of tenant turn over may leave you investing in your home more often than you’d like; re-painting, installing new carpeting, fixing any unforeseen surprises, and repairing and patching your investment back together again in hopes that the next tenant will love and appreciate it more, and stay long term.

Short Term Rentals

Short term rentals offer the opportunity to vet guests by examining their profile and their history. Once their booking request is accepted, their stay is paid for up front. Guests more often eat out than in during their stays, which result in less ware on your appliances. Your home is cleaned professionally after each stay keeping it looking wonderful and in great condition. This also reduces maintenance and repair costs compared to long term rentals. Short term rentals also bring 2-3x more income over the course of a year on average. We, at Nicole Anthony Home, fully manage your rental property allowing you to invest while enjoying your time the way you would like.