Renting properties is a form of investment and requires you to choose which type of rental you want to resort to. There are two types of rental business .
1.Short term rental
2.long term rental
There are several factors to evaluate, to understand whether it is convenient to rent in the short term or to rent in the long term. Often, this decision seems almost obvious, following the nature of the property and the objectives pursued.
What is Short term rental? and Beneficial of Short term rental? :
Short-term rental - in common language, tourist rental or "holiday homes" - is the rental for delimited periods of a furnished property and is precisely regulated by a temporary contract which must be renewed periodically so that it remains valid. In fact, at the owner's discretion, as well as based on the location and a series of other factors, this type of property is usually rented on a weekly or daily basis.
There are two types of short-term rentals:
tourist rents and transitory rents. The tourist rents refer to stays of a maximum of 30 days and do not require the registration of the contract with the Revenue Agency (a private writing between the two parties is sufficient). Temporary rents, on the other hand, range from 30 days to 18 months, where the deposit of the contract is required.
Over the past few decades, vacation rentals have become a popular alternative to hotels. This, in particular, with the birth of websites like Airbnb, HomeAway, and VRBO, based on the sharing economy
SHORT-TERM RENTAL PROPERTIES:
BENEFITS:
1. GREATER FLEXIBILITY
A short-term rental translates into greater flexibility for the owner (and also for the tenant). It is possible to rent the property only in the periods of the year when you do not want to use it personally. This is the ideal solution for those owners who are able to offer hospitality and accommodation in a non-regular way and for this reason they need to manage reservations with some flexibility.
2. LESS WEAR DAMAGE
Usually, the duration of rental contracts for vacation homes varies from a few days to a few weeks. Renting for such short periods ensures that guests take advantage of the property without feeling the need to customize or redecorate it.
3. HIGHER INCOME
It is possible to set different rates depending on whether you are in high or low season . Not only that, you can also expect a minimum rental period in the high season, to make sure you maximize your profits.
For example, one-day stays are mostly counterproductive. In fact, every booking requires to be managed by contacting the guest, organizing the arrival and departure and also the general cleaning of the house.
4. TAX BREAKS AND DEDUCTIONS
Often, renting short-term properties means being entitled to tax breaks or deductions on property-related expenses. On this point, be sure to check the local regulations.
5. CONTRIBUTE TO THE SHARING ECONOMY
Nowadays we hear a lot about the sharing economy and its positive effects on society in general. Renting short-term properties means being innovative, contributing to the expansion of this modern way of living and thinking.
WHAT IS LONG-TERM RENT?
Long-term rent - unlike short-term rent - typically refers to properties that are rented for a month or more. Typically, renters pay the owner monthly, taking on the extra expenses like utilities.
Unlike short-term tourist rentals, where in the event that they do not exceed 30 days, the deposit of the contract with the Revenue Agency is not required, for long-term rentals it is necessary to draw up a signed contract containing the agreement Between the parts.
RENTING LONG-TERM PROPERTIES:
BENEFITS:
1. GUARANTEED INCOME
One of the main advantages of renting long-term properties is the security of a monthly income you can rely on. Which can be a relief to those who have recently owned a property and are burdened with many expenses. In addition, long-term renters are generally responsible for paying periodic bills for the consumption of electricity, gas, water and often even the internet.
2. STABILITY
The long-term rental implies minor concerns related to the administration of the property (paperwork, key handover, marketing, etc.). Once the tenant signs the rental contract, he knows (with relative security) the length of his stay. The only need to worry about is finding a new tenant for when the house is free.
3. NO NEED TO FURNIS
Some (if not all) long-term guests bring their own furniture. This can make your decision easier if you are thinking of renting your unfurnished property. With the long-term rental, not only will you get a guaranteed monthly payment, but you will not have to buy new furnishings for your home.
4. DEPOSIT
If you are concerned about the details of the rent, such as insurance, lease or deposit, there is no need to panic. For long-term F, it is normally possible to request a substantial deposit, which will be returned to the tenant at the end of the rental period, unless there has been no damage to the property. These cash deposits can give the owner one more reason to feel comfortable when it comes to renting real estate.
The procedure for giving explorers a position of convenience is really benefitting and perhaps the best help one with canning.
Business people can have a lift to their startup by pursuing the course of rental associations offered through Airbnb.
There are colossal amounts of the new associations who wish to cultivate their vacation rental business like Airbnb and have a useful business with remarkable compensation age.
One of the standard reasons why one should choose having a platform like Airbnb, as it is a readymade script that is worked with all its essential highlights that drives a shocking look a ton of like Airbnb.
With airbnb, yet there are comparably different rental business contemplations that one can begin with.
As it is prepared to utilize site clone script, it saves time and energy and basically needs to unite with extra highlights whenever required.
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Just to have a clear view of my statement, the Airbnb does not own any buildings or homestays or even real estates.
It acts as an intermediate to connect the property owners and tenants.Growth strategyAirbnb the name make you clear about the concept “Apartment into bed and breakfast” for short term lodging.
Being around more than 11 years it has been started and growing more and more and keep on growing their stock value and economy.The initial process begins with a manual system by getting in touch with house & homeowners via mail to list their property details on the website.
People have different plans when they are trips and travel.
Most of them feel comfortable to stay at home but some of the people feel weird and expect high accommodate service and professional maintenance.At the same, it cost economically high while booking via Airbnb you can visibly note out the cost differentiation than a hotel.With the add-on like Airbnb plus offers high-class accommodation service and cross-sell offers by localhost these are product highlights available to sort out the destinations based on their economy and expectations seems to the best pattern.Earning tips by a hostNumerous business sites are available related to travel industries but the best and most famous is Airbnb, it created the trend and solid stay on the market.
Simply it offers money earning through various forms, without having your own site you can simply become a host in Airbnb and make your listings.
How to Make Your Listings towards More Bookings With Airbnb Clone Script?Nowadays, rental services are rewarding investments for the new as well as long-term rental startup owners.
Key Aspect to Attract Guests: Airbnb ListingsHow far your rental services include guest attentive options decides the level of your services in the market.
Listings are the immediate option after the registration or login operations.
This boosts up the booking revenue in an exponential form.
The Airbnb listings are attractive in the following aspects:Extra Images for Immediate AttentionImages are the ultimate option to drive more customers towards the business.
Lack of photos deteriorates the performance of the overall rental services and limits the bookings.
