Short-Term Rental to an Extended Stay – A Closer Look
30% of all bookings in the last 12 months have extended their stay. We look at the top reasons why.
30% of all bookings in the last 12 months have extended their stay. We look at the top reasons why.
Many people (including property owners) hear the words “short-term rentals” and grimace. They conjure up images of 10 people sharing a 3-bedroom vacation rental or a mansion holiday home for the weekend, partying until 4 am; resulting in a massive clear up for the owners and neighbours left with a bad taste in their mouths.
How does it feel for a real estate sales agent to be able to put forward a simple and smart strategy that subsidises their fees? Great, right!?
Selling a property always comes with its own complexities and, if you are a landlord wanting to sell your investment property while it is tenanted, it can be slightly more complicated than normal. There are several significant considerations regarding tenants and appropriate notice periods that must be taken into account before launching any sale campaign for your investment property.
Mould can be easy to control if dealt with immediately or if preventive measures are taken throughout your day-to-day life to manage it.
Ready to reactive your property for short term rental? It’s not as easy as you may think. Here’s our list of things you should consider first.
If you are thinking about having multiple parties represent your property, here are some questions, truths and realities that you should probably explore before you pull the trigger.