If you're a homeowner ready to move, consider using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is an alternative to a hotel, an investment that's gained popularity in recent years.
While a short-term rental can be tempting, you may find the reality of being responsible for one difficult to take on. Here are some challenges you could face if you rent out your house instead of selling it.
A Short-Term Rental Comes with Responsibilities
Successfully managing your house as a short-term rental takes time and effort. You'll have to juggle tasks like dealing with reservations, organizing check-ins, and tackling cleaning, landscape, and maintenance duties. Any one of those can feel
One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s look at the latest information on active listings or homes for sale in a given month as it compares to more normal levels.
According to a recent report from Realtor.com:
“On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels.”
The graph below helps illustrate this point. It uses historical data to provide a more concrete look at how much the numbers are still lagging behind the level of inventory typical of a more normal market (see graph below):
Welcome to the highly sought-after 55+ community of Costa Serena! This charming 2 bedroom, 1 bath twin home offers the flexibility to serve as either a rental property or comfortable primary residence. The property is being sold AS IS, providing you with a blank canvas to create the ideal living space. Put your personal touch on every room to reflect your unique style and preferences. The west-facing orientation invites you to embrace stunning sunsets and refreshing ocean breezes from the property. The light and bright interior showcases a spacious living room, cozy kitchen with dazzling dining area and a laundry nook equipped with washer and dryer hook-ups and built-in shelves for extra storage. The attached single car garage and additional parking
