Backup option if we get shut down #shorts #airbnb #airbnbhostingtips #realestate #realestatetips

Name: Backup option if we get shut down #shorts #airbnb #airbnbhostingtips #realestate #realestatetips
Uploaded: 2023-03-08T20:00:06+00:00
Duration: 58 s
Channel: Tim Hubbard
Description: Tim Hubbard (YouTube, March 8, 2023) advises short-term rental hosts to check their city or county definition of 'short term rental' (often under 28–30…

8 Mar 2023 · 1 min

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Tim Hubbard (YouTube, March 8, 2023) advises short-term rental hosts to check their city or county definition of 'short term rental' (often under 28–30 days). If short-term rentals are restricted, he recommends offering medium-term stays (e.g., to traveling nurses and corporate travelers) as a backup that reduces operations compared with short-term stays while typically earning more than long-term rentals.

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What backup options we have if we get shut down as a short term rental. Well, the first thing I would say to take a look at is what is your city or county's definition of a short term rental? Most of the time it's a property that's rented for less than 28 to 30 days. But there could be a different definition so make sure you understand what it is they're asking first. So if we eliminate the ability to rent for less than 28 or 30 days then that means we, we can rent for more. Right. That's no longer short term rental. So we've talked about that before. Medium term stays have become really common with traveling nurses with corporate travel. So medium term stays can be a great option. I know I've done this with a lot of my portfolio so that is one excellent option that could provide a little less operations for you but still bring in a lot more income than your long term rental.