The Truth About Short-term Rentals

Are you ready to move? Are you thinking about using your current house as a short-term rental instead of selling it?

28% of homeowners have considered it, so you aren’t alone.
Having an extra income stream is tempting, but a recent Bankrate article makes it clear: “Managing a rental property can be time-consuming and challenging." So, before you make that decision, understand why it may be better to just sell.

1. Owning a short-term rental comes with responsibilities.
These include property maintenance, tenant screening, and more. Plus, you face risks like property damages, regulatory violations, and complaints from neighbors.

 

2. Not every house is suitable as a short-term rental, especially if your neighborhood isn't a popular travel destination.

You need to research how desirable your location is to know if you’ll be able to achieve your financial goals.

So, while renting out your house may seem like a good investment, it could be better to sell it instead. Reach out to me to learn how sellers are winning right now in our local market.