If you are thinking about dipping your toes into the world of real estate investing, you need to consider short term rentals. Yes, there's some up-front costs, prep and time involved, and yet once things are lined up and locked in, the money just starts rolling in.

The short-term rental market is booming across the globe. As more millennials and others decide to invest their disposable income on travel and real-world experiences, this trend is only going to increase. Shouldn't you position yourself to take advantage?

Short-term rentals differ from long-term rentals in more than just the length of stay. Consider these:

1. Short term rentals maintain and oftentimes increase in value due to the improvements you make to ensure the caliber of guests you want, and your property manager's work to keep your rental 'ready' at all times.
2. Short term rentals are regularly checked and maintained, and don't suffer the same wear and tear as their long-term cousins
3. Short term rentals command nightly/weekly rates that are impossible with a long-term rental
4. Short-term rentals provide monthly passive income that (if done well and properly marketed/managed) can vastly exceed other real estate ROI.
5. Short-term rentals are fun, and the joy you provide your guests can be something you can feel proud of!

Short-term rental success is all about the homework, setup and detail you put into it on the front end. Unlike a long-term rental, getting a short-term rental off and running does require some thought, some commitment and the right setup. However, if you are willing to roll up your sleeves (or pay someone else to), then you have every reason to expect that your short-term rental property will be a fabulous investment that will serve you well for many years to come.

Stay tuned to the blog for more insights on the world of short term rentals, and fun resources to help you get your rental ready now!