Are short term rentals more difficult or simpler to manage?

[Jon D.]

I've been doing some research into the short-term rental market. Browsing on Airbnb in my city and analyzing prices, availability, etc. Economically, they make a lot of sense given the higher comps and cash flow I can pull vs. an annual lease.

I also believe that a lot of the day-to-day can be automated (i.e. listing the property, booking it, keypad lock entry, having it turned over for the next rental.)

QUESTION - If anyone has a short-term rental, I'm curious to know if they are more or less difficult to manage? Are there common problems that come up with short-term rentals, which the average real estate investor wouldn't consider?