![]() Unlike with a typical hotel, short-term rentals are often available in the form of a single apartment unit, a house, duplex or townhome. With many investors throughout the United States catching on to the short term rental craze in urban cities, coastal vacation spots, rural getaways and even suburban neighborhoods, travelers are also becoming increasingly familiar with and comfortable using sites such as Airbnb, HomeAway and VRBO to book accommodations for leisure or business travel. ![]() What to Know About Investing in Short-Term Properties ![]() In this guide, we cover everything you need to know about property management for short-term properties, from what to look for in a property management company to the services they provide, how to find one and typical pricing structures. Unlike longer-term rental properties where tenants typically sign a lease for a term of several months or more, short-term rental properties involve fast turnover rates and, therefore, much more hands-on upkeep and constant management.įor those interested in investing in short-term properties for the first time or expanding their rental inventory, a property management company may be the key to saving time, keeping guests happy and optimizing bookings and investment returns. 4 Property management companies can allow investors to expand their short term rental business into more than one property and allow them to travel while earning higher returns than with a longer-term rental.3 Fee structures can be fixed or by commission, and it’s important that an investor ensures they understand exactly what services are included in their upfront fees and what may be additional costs down the line.2 Property management companies can save a short-term rental investor hours each week, but also require communication and oversight to ensure your needs are being met.1 The quality and skill of property management companies can make a huge difference in how many guests are motivated to book your short term rental. ![]()
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