Pros & Cons of Short Term Rentals

So you’re thinking about renting out your property on a site like Airbnb or VRBO, and you’d like an insider’s perspective on the pros and cons? I got you!⁣

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PROS:⁣

+ Flexibility. Rent it out when you want to. Enjoy it yourself when you don’t.⁣

+ High rental income; often even more than if you were to rent it monthly. Consider: One week vacation = $2000. One month rent? Also $2000. (See what I mean?)⁣

+ Numerous tax breaks and deductions⁣.

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CONS:⁣

- Inconsistent income, especially in the off-season⁣

- You’re responsible for all utility bills, housekeeping, and general maintenance⁣.

- More people passing through your doors = Greater risk of damage to your property⁣.

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Wanna discuss more about your property, our areas’ rental rates, and the best way to get started in the short-term rental market? DM me, and I’ll be in touch!