Have you ever gone on vacation for a short period of time and stayed in a rented property? Well, you might have noticed that the property is owned by a regular homeowner who has offered their place to you so that you can stay comfortably in a home away from your actual home. If you have an apartment or residential property that you own, then you too can think about offering it for a short-term rental.
Do you still feel confused about whether giving your property for a short-term rental will be profitable for you? It’s completely natural for property owners to have certain restraints and fears when it comes to giving their residence on rent. In this article, we hope to explain what are the benefits that property owners can attain by offering their homes or apartments for short-term rentals and why this would ultimately be a good investment.
If you think that you will have to struggle to get regular short-term rental bookings for your property, then this is just a myth. Nowadays, people love to step out and travel, especially since they might have been restricted from moving around due to the pandemic situation or stuck under lockdown due to the rising number of covid cases.
Ever since things have come under control, people have been eager to get out and travel to visit new places for a short vacation. Hence, these travelers will always be on the lookout for some properties that they can take on rent for the duration of their short stay. So this is the best time to offer your apartment or home for short-term rentals.
Some people have a misconception that offering short-term rentals will not be profitable as renting out a property for short term will not provide much income. This cannot be further from the truth. Any one or two bedroom property owner can earn a significant percentage of the rental amount per day by offering their residence for a short-term rental.
What’s more, if your property has many rooms, is fully furnished, and has a lot of facilities available to guests, then you stand a chance to earn almost double what a regular apartment owner would get. Plus, if you work with an experienced housing provider like the Obasa Six Three Suites team then you can be rest assured that you will earn a good income from renting out your home.
Once you start giving your property for rent, then you will not regret this decision. This is because offering short-term rentals gives homeowners the opportunity to get a regular source of additional income. When you keep offering your property for rent, then guests who have liked staying at your place would look forward to staying there the next time they visit.
Moreover, if your property is really well-maintained and offers guests a comfortable stay, then the people who rent out your property will also recommend it to their friends and colleagues who might need a place to stay when they travel. In this way, you will definitely get a continuous stream of renters who will seek out your place to stay on rent.
The best part of offering your property for just a short-term rental is the minimum risk of damage. People staying at a property for a short time like just a week or two would be less likely to damage the property as compared to renters who take a place on rent for a couple of months.
What’s more, short time renters would mostly want to spend their time outside of the rented residence or apartment to explore the surrounding area. So they would be spending more time outside and less time within the property. They would mostly only use the place at night to get some sleep and step out again during the daytime.
Another great thing about choosing to rent out your property for a short term is that you can decide during which days and months you would like to offer your place for rent. If you don’t want to offer your flat or home on certain days then you can choose to not entertain any offers from renters seeking to take your property on rent.
Renting out your property can be done completely on your terms and conditions. Since you are the owner of the property, you have the right to dictate the terms of renting it out. So if there are times during the year when you would like to host your relatives at your property or you yourself would like to stay at your place for a while, then you can decide not to rent it out during those times.
You do not have to worry about the hassle of doing lengthy paperwork before you start giving your place for rent. Getting all your legal documents in order could be time-consuming, but you do not have to do this all by yourself.
There are many housing experts available to help you with the paperwork process, like the team of professionals at Obasa Six Three Suites for instance. We will ensure that all your documents are in order so that you can start renting out your property to travelers looking for a decent place to live during their short visit.
We at Obasa Six Three Suites have been managing the properties of our clients for quite a number of years. Thus, we know how important and precious a residential property is to the owner. So we ensure that your property gets only the best renters who offer good rent money for the length of their stay.
Therefore, you do not have to worry about managing your property alone. You can choose to partner with a certified housing provider and get the assistance you may need with property management and maintenance.
When you want to rent out your property, whether for short-term or long-term then you would want to rent it out to only those good tenants who would really stay in it as it was their home. Sometimes getting these kinds of tenants can be a bit of a challenge.
However, with help from the experienced housing team of Obasa Six Three Suites, you will get the best quality of tenants every time. All you need to do is ensure that the property you are offering will give these renters the best stay experience so that they recommend your place to others as well.
We hope that this article has helped you make a decision on whether giving your property for a short-term investment is good or not. In case you have any further questions in this regard, then you can contact the Obasa Six Three Suites team and we would be more than happy to address any queries that you may have in this matter. Simply contact us or send us an email at info@obasasixthree.com.
We look forward to hearing from you and helping you with your investment.
