Renting out a property, starting point
Do you have a property that you don’t live in? Here is what you may do to have an extra income. Renting out a property is one of the best ways to earn some money.
If you would like to have an extra income, renting out a property you don’t live in may be the right idea. Since managing a house, especially if you have to welcome travelers from all over the world, is not the easiest job, I always suggest hiring a property manager. But, before doing it, let’s make everything clear. First of all, it is necessary to understand what people mean when talking about short-term rentals.
What short term rentals mean?
First of all, let’s see what “short-term rental” means. The short-term or short-term rental is the rental for limited periods of a furnished property and is established by a temporary contract which must be periodically renewed in order for it to remain valid. Basing on the owner, the location, the number of guests, and many other elements, such types of property renting usually refers to a week or few days.
What is a short-term rental? Many people who want to rent out their property in Paris just don’t use the property for the most part of the year. That’s why they decide to rent it out for some days, a week, or a month. There are many types of short-term rentals. The main one doesn’t allow people to stay in the same place for more than 30 days.
During the last decades, vacation homes have become a popular alternative to hotels thanks to Online Travel Agencies such as Airbnb, HomeAway, and VRBO, based on the sharing economy.
Would you like to know more about how to rent out your property or how to manage a holiday home? Read more about Renting out a property, rules and transactions