Pros And Cons Of Short Term Vs Long Term Renting Your Investment Property In Winter Park Colorado

Pros And Cons Of Short Term Vs Long Term Renting Your Investment Property In Winter Park Colorado

Maybe you're considering renting your property short term or long term and can't decide what is right for you. Here are some pros and cons of both. Short term pros: keeping tabs on your properties condition because of the high turnover, potential for higher income. Cons: need someone to manage it and there are management fees that can be in the 30-40% range. Long term rental pros: less day to day management, long term financial security. Cons: different maintenance can lead to high turnover expenses (like carpet replacement), and less potential income. Which would you rather do, rent your real estate long term or nightly? If you have an investment property, comment below and tell me your experiences with long term or short term renting. Which would you rather do, rent long term or nightly?

Julie White Headshot
Phone: 970-531-7155
Dated: August 24th 2019
Views: 141
About Julie: My goal is to help people with real estate. I am invested in helping people achieve their real estat...

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