Short Term Rentals Risks and rewards Guide online

A short term rental is the property which can be acquired for a week or for a weekend And long term rentals are for a long time like six months or longer. When someone comes for vacation, they acquire some property for a short time and give high rent for them. I have researched a lot on this short term rental risks and rewards and find some useful information for small property owners, independent property owners and landlords.

Risks

1. Hidden Cost: There are many types of hidden costs like maintenance cost of electricity, telephone, internet, TV cable connection, garden management, washing and cleaning etc.

2. Competition: Analyze your competition before buying new rental property

3. Restrictions: Rental restriction

4. Community Risks: Check the social risk and find out about your neighbors due to increasing community risk

Rewards

1. Income: Short term Rental is very high than traditional rental system

2. Preservation: Short term renters are more preserved to save your property value than long term renters

3. Tax Breaks: Short-term rental is required to get many types of tax breaks.

4. Community Rewards: Short term rentals promote tourism in our community socially.

Short Term vacation rental increase the property value. So, the property managers or landlord of the property should manage their properties by short term rental property management software well furnished with good garden maintenance, electricity, cable, water maintenance, so that the value of their property would increase and more and more benefits they can earn from their property.