What Are Short-Term and Long-Term Rentals? | Video

Are you unsure what type of rental property to invest in? There are short-term and long-term rentals, but it can be difficult to determine which type of rental will suit your real estate investing strategy.

Examples of short-term rentals include AirBnBs, traveling nurses, and even college students. Longer-term renting experiences might be year or two-year-long leases that secure a tenant for a longer period of time.

Whichever you decide to choose will depend greatly on your house type, location, and investing strategy. For example, if your rental is located close to a hospital, you might consider furnishing it and renting it out to traveling nurses. College students, too, might be on short-term leases depending on the amount of semesters they stay for school.

For long-term leases, tenants who want to secure their rental for a year (or even two!) can be just about anyone. Tenants living in cities, for example, might want to ensure they have living quarters for a long period of time to avoid moving around a lot.

In this video, real estate investor Dan Kohan, discusses the differences between short-term and long-term rentals.

Difference Between Short-Term and Long-Term Rentals

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