Which Strategy Suits the Most?
There’s no one-size-fits-all answer. To summarize, in short-term rental lease, return on investment is high but it is seasonal. On the other hand, in case of long-term rental, ROI is though moderate, yet it is steady. As far as management needs are concerned, these are quite high in short-term rental while in the case of long-term rental, these are quite low. For short-term rental, there are greater regulatory requirements while in case of long-term rental, such requirements are minimal. As far as using the property for personal purposes is concerned, there’s flexibility in this regard whereas in case of long-term rental, personal use could be quite limited. Keeping in mind these pros and cons, for many seasoned investors, a hybrid approach may be the best
