Short Term Rental Riches 56. Short-Term vs. Long-Term Rental? How Much Does it Really Cost?
There are a lot of obvious differences in the costs between operating a short-term rental and a long-term rental, but how much more does it really cost? Expenses to manage a long term rental can add up. Let’s talk about a few of those and run a comparison to see if you’re accounting for all the differences!
- Expenses you DON’T have with a LONG-term rental
- Expenses you DON’T have with a SHORT-term rental
- What about vacancy?
- Turnover costs you may not be considering
- Lease-up fees
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