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Short-Term Rentals - Should You Do Them or Not?

February 16, 2012 | Comments: 0 | Views: 111

Short-Term Rentals should you do them or not? If you are a land-lord with a vacant property, you have several options. One of those options is to consider a short-term rental. I know, I know paper-work. Big deal, paperwork is going to be around no matter what you do. But let's look at the advantages for a quick moment and maybe you will reconsider.

Advantages of Short-term Rentals: The rents are higher, as are the security deposits.

Who does short-term rentals? Well, have you ever seen the news and hear about those poor people who lost their home in a natural disaster, fire, flood, weather, etc? Quess what, their insurance carriers need to place those folks immediately short-term for about a 3-6 month time frame. Now, you have a great tenant because they have been home-owners, know how to fix the little stuff that happens in a home, they are very grateful for you opening your doors to them and their family and sometimes their pets.

Advantage 2: You get paid like clockwork!

Those insurance companies do not want you the land-lord to be upset, if you kick them out those folks have to go back to a hotel, with their family and pets, and trust me those hotels are expensive, because they have to allow the client's the room, or rooms depending on how many people have been displaced, the pets, and yep you guessed it they also have to provide a FOOD allowance.

Advantage 3 Your property is RENTED, at a higher rate. No worries, no hassles, done!

Who else would do a short-term rental? Hmmm, let's look at that for a minute. What about someone who has sold a house but there new house isn't ready yet? Again, great way to have your property NOT BE VACANT and still get a higher rate, as a home owner these folks will take great care of your place, again higher rents and a higher security deposit.

How many of you work Corporate America?

Come on, don't be shy, let's see those hands! Have you heard of this one? I've been at my job for ever at the corporate headquarters in______________and now they want to move to________________? Fill in the blanks! Okay, now you have to pack and relocate to a strange city(you can call me 847-975-3537 I have connections world wide don't fret)Or better yet, dear faithful employee, we have decided to send you on a company paid training event! WHOO HOO! In yep you guessed clear across the country and it will last 3 month's. We have decided to provide temporary housing for you -- You leave tomorrow! Yep, land-lords love these corporate accountants they pay just as nicely as the insurance folks do!

So, what do you think? Have I convinced you to at least check out some other options? I hope so! Good Luck in all that you do!

God BLess Always, Christine Howe

Christine L. Howe Certified Short-Sale Broker with Realty Executives Midwest 847-975-3537

Hi There, I designed the Stay Home Get paid website(which is still a work in progress) to help people make extra cash to pay their bills or maybe a down payment on a new place. I found myself in a position that made me an instant land-lord. I came upon the short-term rentals by accident and found that I really was okay with it. I was able to help a family who had a major disaster to their home and needed a place to stay. It worked out great for both of us, we really helped each other out of a tight spot! Please come visit me at: and get your free report. thanks chris.

Source: EzineArticles
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