What are the benefits of long-term rental over short-term lets?
Long-term rental provides owners with a regulated monthly income enabling annual financial planning. In our experience long–term rentals are subject to less wear and tear than short-term lets which are more costly in terms of maintenance, breakages and cleaning. Short-term lets often have long vacant periods, especially during the off-peak season. In both cases you’re looking at an average return of 5-7% per annum from rentals combined with a 7-10% capital appreciation per annum. That gives you a total return of 12-17% per annum on your investment.
Related Questions
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- What are the benefits of long-term rental over short-term lets?
