When it comes to short-term rentals, there are a few ways investors can make money.
First, they can choose to self-manage properties. This means that they will be responsible for managing the property, including making sure all guests are treated well and the property is kept in good condition.
Second, investors may consider adding amenities to vacation rentals. For example, some investors offer spa services or use their home as a guesthouse so that their tenants have access to a kitchen and space for yoga classes outside on their deck.
Third, investors may consider investing in properties in locations where tourist demand is high but property costs are low. They can do this by buying homes that were previously owned by vacationers who have since left town or moved away (they may not want to live where they grew up), or by buying condos or villas that are filled with tourists each year but not occupied all year round as most hotels would be.
Learn More on how to turn your home into a short-term rental.
