Short Term Rental Property

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Joined: Mon Sep 11, 2017 2:33 pm

Short Term Rental Property

Post by foryou00 » Mon Sep 11, 2017 2:49 pm

Hello there,

Short-term rentals provide great advantages for owners, the first being flexibility. The owner can choose exactly when in each month their property will be made available to guests. Consequently, owners who want more of an opportunity to use their property often prefer to rent on a short-term basis instead of long-term.

Additionally, short-term rental owners might have an easier time getting away with charging higher rates, particularly around holidays and popular travel times, than a long-term rental owner. There are also big tax breaks for short-term rentals in terms of not having to report certain rental income to the IRS and also the opportunity to deduct property-related costs like advertising or operating.

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