Are Short-Term Rentals a Good Investment?
One way real estate investors can diversify their portfolios is by acquiring short-term rental properties. These properties can be rented for less than a year and facilitated through online platforms. As the economy reopens, these rentals are becoming lucrative again. In this post, real estate developer Ali Ata shares why short-term rental properties are a suitable investment choice. 1. Higher Returns. Ali Ata emphasizes the potential in short-term rental properties, which often provide higher returns than traditional long-term rentals. A property owner can make more money per month without stressing over day-to-day maintenance and finding reliable tenants. They can also charge higher rates during peak seasons or add other services such as meals and transportation. 2. More Control Over the Property. Ali Ata shares that investing in a short-term rental gives the owner more say about who they rent to and how long. This allows owners to get to know their guests better while maint...