Less guest turnover - renting to long term tenants means less administrative worries and generally less guest turnover.Income consistency - meaning you have a set rental income you can reliably count on, as long as you have tenants.By using sharing platforms to let your property you are proving you are a forward thinker, encouraging diversity, inclusion and this modern way of living and thinking.

Contribute to the sharing economy and cultural diversity - there is now more evidence than ever oabout the sharing economy and it's psoitive effects on wider societ.Check out our article on this here, and also be sure to check your local authority's rules and regulations on this too. Tax breaks and deductions - there are many tax perks and deductible property expenses you can benefit from if your property isn't being let long term.Higher rental rates - ability to optimise rates according to seasonality, events,.This means guests are simply visiting your property, usualy showing more respect for the property and you will be getting your property cleaned and maintained to a very high standard. Less wear and tear - generally short term rental guests stay only a few days to a few weeks maximum.Higher flexibility - many owners want the flexibility to use this property when they need to, a short term rental offers flexibility to allow this.Let's look at the pros and cons of each rental strategy. Long term rental success ultimately comes down to your area and tenants. Short term rental success ultimately comes down to location paired with a strong guest satisfaction strategy. Here at KingsCoin we work with property owners to determine the best possibly investment strategy to maximise their returns. With the documented rise of Airbnb short term rentals strategy showing no signs of slowing with tens of thousands of Australian home owners now choosing to host their home on Airbnb now is a great time to consider the difference in strategy for your rental property.Ī short-term rental (commonly referred to as a vacation rental), is the leasing out of a furnished property on a short-term basis usually a few days to a few weeks.Ī long term rental (commonly referred to as simply a rental), is the leasing out of a usually unfurnished property for a minimum of 6 months and generally 12 months or more.

Short term lease airbnb