Short or long term rental

[Christian Rangel]

Trying to decide which way to go, many questions to answer. But what are your thoughts.

Is there a low season in short rental? More probable to get the place trashed? Repairs ? Etc. Let me know your experience.

[John Underwood]

Originally posted by @Account Closed:

Originally posted by @John Underwood:

A Vrbo is more work but more profitable. The place is cleaned regularly (paid for by the renters). You have to stay on top of maintenance issues to ensure 5 star reviews. You get paid in advance. For me it is is more fun. I also have a free place to keep my boat and jet skis.

I will never give up my portfolio of LTR's either as they are less work and provide steady income.

Offseason for me is just January and February. Summer is wide open for top dollar. Spring, Fall and December also do very well for me.

Are you self managing? How many hours a week would you guess it takes you per VRBO to run the thing? I think there is a tax implication on providing "substantial services" which I guess creates self emplyment tax liability.

Substantial services is Dailey maid service, private chef etc. Not management. I only spend a few minutes on the vrbo per week. Answering any inquiries and making sure cleaning services are lined up.