Matthew Varga | whats better a short or long term rental #shorts @MatthewVarga | Uploaded May 2023 | Updated October 2024, 3 hours ago.
Here is why I think all investors should convert their Long Term Rentals into Short Term Rentals…
1️⃣. Higher Cash Flow- Sure there is more work involved, but with Airbnb you can generate way more cash flow per property. With just two good weekend bookings we make more than we would with a month-long tenant.
2️⃣ There can be alot less wear and tear on your property, plus if there are any issues, you will know about them alot sooner because your cleaners go through every few days and look for damage.
You need to make sure that your city allows Short Term rentals, and you need to run your numbers to make sure there is good demand in your area. If those two things check out then you are probably better off turning your home into an Airbnb.
If you want more advice on how to successfully run an Airbnb and make more money doing so make sure to DM me the word guide so you can learn all my tips and tricks 😉
#shortsvideo
Here is why I think all investors should convert their Long Term Rentals into Short Term Rentals…
1️⃣. Higher Cash Flow- Sure there is more work involved, but with Airbnb you can generate way more cash flow per property. With just two good weekend bookings we make more than we would with a month-long tenant.
2️⃣ There can be alot less wear and tear on your property, plus if there are any issues, you will know about them alot sooner because your cleaners go through every few days and look for damage.
You need to make sure that your city allows Short Term rentals, and you need to run your numbers to make sure there is good demand in your area. If those two things check out then you are probably better off turning your home into an Airbnb.
If you want more advice on how to successfully run an Airbnb and make more money doing so make sure to DM me the word guide so you can learn all my tips and tricks 😉
#shortsvideo
