Lisa Indge - Let's Rent
Short term fully furnished rentals are a really interesting sector of the market right now. Lots of people are getting very interested because the returns look to be quite high which can be the case however there are some pitfalls. It's really important that if you're looking to rent your property short term that you're not looking to rent too far from the city or too far away from amentities. The properties that are best suited to this type of market are close to the city, have views, usually are smaller - say one or two bedrooms. It's true to say that the short term market really is anything up to three months and the returns vary considerably depending on whether you're doing say one or two nights or three months. So you would expect to acheive a higher nightly rate on a shorter rental and a lower weekly rate on a longer term rental.