Medium term rental money v. short term rental money
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Summary
AI-generatedThis video compares the profitability of short-term rentals (STRs) and medium-term rentals (MTRs). The key takeaway is that while STRs can generate 20% more revenue, hiring a property manager for an STR can equalize the profits with a self-managed MTR due to reduced management needs for MTRs.
Key insights
STRs can make approximately 20% more annually than MTRs if self-managed.
Mistakes to avoid
Don't assume short-term rentals are always more profitable. When you factor in the cost of property management, medium-term rentals can be just as lucrative, especially when self-managed.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial