Short-Term vs Long-Term Rentals: Start With THESE 4 Questions
Summary
This video breaks down the fundamental differences between short-term rentals (STR) and long-term rentals (LTR), emphasizing that the choice depends on an investor's goals, time, and budget. Ashley Kehr highlights that while STRs offer higher cash flow potential, they are a hospitality business requiring significant time and startup capital ($20k-$50k for furnishing), whereas LTRs provide a stable foundation for long-term wealth building through equity.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
Curated by Learn STR by GoStudioM