Short-term leasing: How to get the most money out
The sharing economy is disrupting a large number of industries, and the real estate sector is no exemption. Short-term or vacation leases provide an opportunity for owners to make money by renting out the property on a peer-to-peer basis – but at a far higher yield than if the property would be rented out for the long term because short-term rentals usually come with a premium. In turn, holidaymakers or short-term renters of a home are more independent, have greater privacy and usually have more space and facilities than in a hotel room.
In Manila, for example, short-term rents are available in a broad range, with condos, flats and apartments being the most common kinds and most-used ones. They can serve different purposes, whether for leisure stays, business visits or as accommodation for a for a study term. If there are more people, there are also bigger apartments or townhouses with self-catering properties and enough space available.
That said, such short-term rentals need to be managed, particularly if the guest turnover is frequent. if an owner is busy or has more than one unit to rent out, it is wiser to use the services of a leasing management company to save time and avoid unnecessary complications that may arise, for example if a home owner lacks experience in the property renting business, namely in the legal and fiscal fields.
Check out our infographic to get an overview:
The sharing economy is disrupting a large number of industries, and the real estate sector is no exemption. Short-term or vacation leases provide an opportunity for owners to make money by renting out the property on a peer-to-peer basis – but at a far higher yield than if the property would be rented out for the long term because short-term rentals usually come with a premium. In turn, holidaymakers or short-term renters of a home are more independent, have greater privacy and usually have more space and facilities than in a hotel room. In Manila, for example, short-term rents are...
The sharing economy is disrupting a large number of industries, and the real estate sector is no exemption. Short-term or vacation leases provide an opportunity for owners to make money by renting out the property on a peer-to-peer basis – but at a far higher yield than if the property would be rented out for the long term because short-term rentals usually come with a premium. In turn, holidaymakers or short-term renters of a home are more independent, have greater privacy and usually have more space and facilities than in a hotel room.
In Manila, for example, short-term rents are available in a broad range, with condos, flats and apartments being the most common kinds and most-used ones. They can serve different purposes, whether for leisure stays, business visits or as accommodation for a for a study term. If there are more people, there are also bigger apartments or townhouses with self-catering properties and enough space available.
That said, such short-term rentals need to be managed, particularly if the guest turnover is frequent. if an owner is busy or has more than one unit to rent out, it is wiser to use the services of a leasing management company to save time and avoid unnecessary complications that may arise, for example if a home owner lacks experience in the property renting business, namely in the legal and fiscal fields.
Check out our infographic to get an overview:
