First, let's start with the why-then, we'll breakdown the how.

Add the amount of additional wear-and-tear that can mean big maintenance and repairs bills down the road and it’s clear that short-term rentals are riskier.įortunately, converting your short-term rental into a long-term rental property is relatively straightforward-and it's a lot easier than doing the reverse.īelow, we'll show you exactly how (and why) you should convert your property into a long-term rental. Counting on income from a short-term rental can be risky, as many owners learned the hard way when global travel came to a halt due COVID-19.įurther, the short-term rental space is fast evolving which means new risks including major regulatory changes ( as we’ve seen in Denver and across the US), and oversupply of Airbnb and VRBO rental properties can pop up and impact your returns. Managing a short-term rental requires a lot of time and energy. While short-term rentals are certainly great for some people, they are not for everyone. And it’s not surprising given the stories of how much some short-term rentals can earn. The short-term rental space has exploded in recent years.

Renting through airbnb long term