Long-Term Vs. Short-Term Rentals: Which Earns More Money on Your Investment Home

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Adiel Gorel is a realtor who has helped numerous investors create wealth via their real estate investments. His investors often ask him about long-term vs short-term rentals. What should they do with their property: look for long-term hires or list them on short-term rental websites like Airbnb? Adiel explains his point of view.

Key Insights:

• Investing in real estate makes financial sense when the property earns an income and helps the investor repay their loan. What will earn the best returns?, investors ask Adiel.
• Long-term vs. short-term rentals? Adiel recommends opting for long-term rentals rather than listing the property on a short-term rental website like Airbnb or booking.com and explains why.
• When there is a recession or economic downturn, people tend to shelve their travel plans. Demand for holiday homes then falls and the rental income can fall or dry up entirely.
• On the other hand, there are always going to be families looking for home accommodation, and income from this source tends to be steadier and more reliable.
• A property owner will have to pay property taxes, property insurance, property manager charges, etc. These expenses are present regardless of whether the property earns an income or not.

Author, Investment Expert and Thought Leader, Adiel Gorel isn't just a specialist in his chosen fields but also a storyteller who makes complex issues easily accessible. Tune in to his show where he addresses diverse investment issues with a single aim to help you finance a long, comfortable life.

Have questions? Seeking the right information is the first step toward improving your financial health. Post your questions in the comment box below or get in touch with me directly.

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