Whilst there is an argument to be made about gaining a higher rental income through accepting an increased number of shorter bookings, owners that have guests stay for longer periods can more easily sustain their rental business. How much will you charge for rent? What kind of tenants do you hope to attract? Will you let out the property furnished or unfurnished? Regardless of the question, for the most part the intent is to streamline the letting process and hopefully increase the rental income you receive.įor some this has meant bucking the traditional lettings trend and opening the doors of the rental to Airbnb guests. The main appeal for hosts that wish to utilise Airbnb for longer stays it the dependable income and heavily reduced workload, seeing months of rental income be somewhat guaranteed, providing the guest doesn’t cancel the booking, whilst saving the owner thousands each year in cleaning costs between guests and potential management and administrative costs. mCottonbro pexels.In becoming a landlord, a rental property owner will need to make a series of bold decisions about their business. Mortgage rates are at the highest they’ve been since 2006.

In addition to a housing shortage, a major slowdown in new housing construction and exclusionary zoning laws have also contributed to higher housing prices. Thus, rent prices are skyrocketing across major cities. The theory behind the “ AirBnb Effect” comes as hosts convert long-term rentals that could house local residents and families to short-term rentals for visitors, thus decreasing an already short supply of housing. Unfortunately, the short-term rental industry causing a housing shortage both in the U.S.

High yields or the ability to have a vacation home paid for by others does make it an attractive investment. In 2020, vacation home purchases exceeded the growth of existing-home sales by 44% from the year prior. Growing demand for vacation rentals as investments, coupled with a pandemic, spurred a vacation buying boom in 2021. AirBnb vacation rentals have become an increasingly popular investment.

Air b and b long term rentals