Nice-N-Neat Homes, LLC

Why Invest in Short-Term Rentals?

As an investor, you want the best return, and as long as there is a strong management program in place, the numbers are substantial.

WHY INVEST IN VACATION RENTALS-ii

Some examples from actual sales show just how lucrative short-term rentals can be.  Property owners are able to set their own rates according to the market demands, time of the year, type of property, and other factors. Based on these factors, there is a lot of potential for good incomes.

  • Average monthly revenue – $2,477 versus traditional monthly rental income of $1,342
  • Average daily revenue – $150
  • Average occupancy rate – 57%
  • Average CAP Rate – 8%  

More Key Advantages

In a typical apartment or home rental situation, the wear and tear of property and furnishings in a property lead to repairs because of overuse. The benefit of a short-term rental is that tenants only occupy the property for a limited period – not every day for an extended period.  The decrease in wear and tear should reduce major repair/replacement costs.

Any time between guests occupying the property can be put to effective use for minor maintenance work, AND the fact that any further damage to the property can be handled quickly – usually, we bill any repairs for damages to the tenant who is moving out.

NNNH suggests that if a property owner wants to consider the potential of a short-term rental, the questions of how and by whom the property will be advertised, leased, and maintained, as well as the management and the cost of maintenance, should be considered. We will be happy to discuss all the details of successful short-term rentals as well as provide a recommendation of how our turnkey service would work to increase profit, eliminate stress and provide thorough and transparent management service.

Just contact us, and we will be glad to share our knowledge with you and help you with buying your next profitable short-term rental!

Investor Services:

Just Contact Us. We Will be Glad to Share Our Knowledge with You and Help You with Buying Your Next Profitable Short-Term Rental!