Short Term vs Long Term Rentals

As landlords and end-users, numerous factors affect the decision to rent for the short term or long term. Here's a quick-read of a list you can save as a reference when you need it:

FOR END USERS

Short Term

• Full Flexibility to Shorten or Extend period of Stay
• Faster Process of Moving In and Out
• Suitable for Travellers
• All-inclusive and Fully Furnished

Long Term

• Also all-inclusive with an Option to get Furnished or Non- Furnished
• Significantly lower Price Points
• Additional Steps in the Process of Moving In and out
• Living Space is More Customizable

FOR INVESTORS

Short term

• Higher Rental Returns
• Returns are Seasonal
• Flexible to be for Own Use or as a Rental Property
• Required to Furnish, which will result in a Higher Acquisition Cost
• Property Needs to be Advertised more, which Adds to the Expense

Long Term

• Stable Guaranteed Rental Income
• More Challenging to Find Suitable Tenants?
• Higher Chances of getting Significant Gaps in Between Contracts
• Requires more Commitment with Tenants
• Can get away without Providing Furniture
• Can Stop Advertisement when the Property is Occupied

PRO TIP FOR INVESTORS!

A Property Management team can immensely ease your life by managing your investments for you. Whether your property is for the short term or long term, for as low as 5% of the annual rent amount of your property, you can sit back and relax while we generate income for you and make your experience as a landlord stress-free.

If you're a new investor planning to get your first rental property, we offer you FREE Property Management Services once you decide to invest in one of our properties.

Interested to learn more? Give us a quick email, and we'll get our Property Managers to get in touch with you.

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