Choosing the Right Minimum Stay to Bring in Short or Long-Term Renters

Admin
Published Date: 2023-07-19

Owners of rental properties have a lot to contemplate when buying, furnishing, and renting out their housing. Depending on the nature of your audience, you might find that the decisions you make for your location are easier than you thought.

Long-term and short-term renters are just that: renters who seek long-term or short-term housing. When you weigh your options based on what you think these two groups consider when they call a place home, you’ll be able to compare the two and find a place that they both can flock to.

Short-Term Renters

Lately, short-term rentals have become all the rage with the return of the bed & breakfast type of vacation housing. Those seeking short-term rentals are looking for a furnished home that they can call theirs for a small period ranging from a few days to a few weeks. These clients have somewhere to be, meetings to catch, deadlines to reach, schedules to adhere to, and likely are either there for vacation or business. Clients will often revisit places they’ve been before as long as they felt comfortable, catered to, and harmonious.

Long-Term Renters

Long-term renters are often either away on an extended business trip, or a family looking for a dwelling until they can purchase their own housing. Their stays usually last between several months to several years depending on their individual needs. A long-term renter will want a living space that they can get used to.

For a family to leave the countryside, for example, wouldn’t look into a long-term rental in the middle of a restless city. Likewise, a businessman in the city wouldn’t be looking for a long stay in a property in the sticks. Those seeking peace in a place to call their personal domicile for the long run are going to want to be set for accessibility, enjoyment, and overall peace.

To welcome both short-term and long-term renters, your property needs to be in a location that is as convenient and practical as it is beautiful and entertaining. They must meet both requirements for a relaxing vacation in a predictable environment and a functional home for an ever-changing family. Most importantly, it must be in a location that provides flexibility and comfort and isn’t affected nearly as much by the fluctuating rental rates so that your renters aren’t taken by unpleasant surprise and don’t return next year.