People who don't have much experience with renting out a property might prefer to start with short-term rentals. Or if you're thinking about going somewhere for a few months, why not earn some extra income by renting out your home? Some people also live in areas where people come to vacation for the summer, in which case a short-term rental makes sense.
You might have a number of misgivings about this idea, such as: Will you get your home back in the condition in which you rented it out? Will your tenants have wild parties in your absence? Will they attempt to making any structural changes to the house? Will they pay rent on time? Some of these concerns might be the same for long-term rentals too but some are specific to short-term rentals.
Here are some of the pros and cons of short-term rentals: