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Heres why some experts believe in the long-term approach over short-term rental platforms.
For the full picture,find out some reasons Airbnbs can be better than long-term rentals.
He is also a real estate investor who currently has four long-term rentals.
I will take the trade-off of having lower cash flow each month for the easier management, he added.
While some cities are more friendly toward Airbnb investors than others, momentum is shifting toward more restrictions.
And in the U.S., many homeowners associations (HOAs) restrict people from renting out their homes.
A city that allows Airbnb listings today may prohibit or limit them within the next three to five years.
That development would slam the brakes for Airbnb investors and force them to sell or look for long-term tenants.
He said demand for Airbnbs can fluctuate quite a bit, while long-term rentals have more stable demand.
The COVID-19 pandemic was a rare event that is likely to not take shape in the future.
However, the pandemic demonstrated how quickly people can change their behavior.
Sharp changes in consumer behavior around travel can lead to fewer Airbnb listings getting filled.
Meanwhile, long-term rentals have more stability.
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