--- title: 7 Pros and Cons of Leasing Your Property for a Short Term description: People who don't have much experience with renting out a property might prefer to start with short-term rentals. Here are some of the pros and cons of short-term rentals. image: https://www.hometeampm.com/hubfs/Imported_Blog_Media/rental%20agreement.jpg --- [![Group 5068](https://www.hometeampm.com/hubfs/Group%205068.svg "Group 5068")](https://www.hometeampm.com) - [About](https://www.hometeampm.com/about/about-hpm) - [Our Company It’s been over 20 years and our goal hasn’t changed](https://www.hometeampm.com/about/about-hpm) - [Our Team Meet the Home Team Property Management Team](https://www.hometeampm.com/our-team) - [Why Choose Us No matter your property management goals, we will get you there](https://www.hometeampm.com/why-choose-us) - [Careers Take a look at our open positions and feel free to submit an application if your experience is a match](https://www.hometeampm.com/about/about-hpm) - [Vendors We are continually seeking out qualified, professional vendors to fulfill goods or maintenance contracts](https://www.hometeampm.com/about/vendor-relations) - [Connect With Us Reach out to our expert team to see how we can assist you with your property management needs](https://www.hometeampm.com/contact-us) - [Testimonials Read HomeTeam Property Management client testimonials here](https://www.hometeampm.com/testimonials) - [MANAGEMENT SERVICES](https://www.hometeampm.com/management-services) - [Residential View our residential property management services](https://www.hometeampm.com/management-services/residential-management) - [Commercial View our commercial property management services](https://www.hometeampm.com/management-services/commercial-management) - [Marketing View how we market your property to prospective tenants](https://www.hometeampm.com/management-services/marketing) - [Accounting We specialize in complete financial services for our property owners](https://www.hometeampm.com/management-services/accounting) - [Maintenance Property maintenance is one of the most important aspects of maximizing your investment](https://www.hometeampm.com/management-services/maintenance) - [Leasing Our leasing department utilizes the latest in application and credit screening procedures](https://www.hometeampm.com/management-services/leasing) - [Free Rental Analysis Get a free rental valuation of your investment property](https://www.hometeampm.com/management-services) - [Get a Quote Learn how much it would cost to manage your property](https://www.hometeampm.com/management-services/getting-started) - [OWNERS](https://www.hometeampm.com/owners) - [Marketing Your Property Learn how we market your property to ensure the maximum exposure to qualified buyers](https://www.hometeampm.com/owners/marketing-your-property) - [Renting Your Property We provide you with guidance on how to ready your property to compete in the ever-changing rental market](https://www.hometeampm.com/owners/renting-your-property) - [Maintaining Your Property The best approach to maintenance is preventative maintenance, and this is HomeTeam Property Management policy](https://www.hometeampm.com/owners/maintaining-your-property) - [No - Eviction Guarantee We are so confident in our tenant selection process that we include a No-Eviction Guarantee](https://www.hometeampm.com/owners/no-eviction-guarantee) - [Free Rental Analysis Get a free rental valuation of your investment property](https://www.hometeampm.com/owners) - [Owner Portal Login Sign-in to monitor your account](https://hometeam.appfolio.com/oportal/users/log_in) - [Get a Quote Learn how much it would cost to manage your property](https://www.hometeampm.com/management-services/getting-started) - [TENANTS](https://www.hometeampm.com/tenants) - [Rental Search Find your next place to live in San Diego](https://www.hometeampm.com/properties) - [Tenant Portal Login Sign-in to monitor your account](https://hometeam.appfolio.com/connect/users/sign_in) - [Pay Your Rent Paying rent on time has never been easier](https://www.hometeampm.com/tenants/pay-your-rent) - [Future Tenants Important information for tenants wanting to lease a property from HomeTeam](https://www.hometeampm.com/tenants/future-tenants) - [Move Out We want your move-out to be a pleasant and successful one](https://www.hometeampm.com/tenants/move-out) - [Notice To Vacate Moving out? 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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: ### **Pros of Short-Term Rentals** 1. **An Extra Source of Income**: Your house or apartment is an asset which you own. So why not put it to good use and earn some income on it? Everyone can do with some additional money. And this is one way of making money which doesn't involve having to go to work everyday. Once all the pieces are in place, you just have to sit back and wait for the next check to come in. 2. **Property Management**: In terms of setting things up short-term rentals, remember that you won't have that much to do because the property management company will find a tenant, get the lease signed, collect rent checks etc. You still have the final say on everything but you won't have to do a lot of the running around required. 3. **Risk-Free Income**: Of course, nothing is entirely risk free and you might have some concerns about whether the home/apartment will be damaged in some way. But unlike investments in stocks and bonds, the dividend from which is likely to fluctuate, rent is static. And it's also likely to keep increasing slowly as time goes on. 4. **Rent Goes Up Faster**: If you're renting out a property for a whole year, you can't increase the rent in the middle of that period. But if you're doing three month or six month rentals, you can increase your rent when the previous tenant leaves and a new one comes in. Just remember to keep track of market prices to make sure you're not going over them. ### **Cons of Short-Term Rentals** 1. **Students May Not be Careful with Your Things**: Often, it's students vacationing for the summer who are interested in short-term rentals. Unfortunately, they aren't always very careful about leaving things in the same condition in which they found them. But you can speak to your property management company about finding a reliable, dependable tenant for your property. 2. **Getting the Apartment Ready for the New Tenant**: Every time a tenant moves out, some repairs might need to be done to get the place ready for a new tenant. This might involve painting the walls, polishing the floors, repairing the appliances etc. And when there are more tenants coming and going, there's going to be more wear and tear. This means you might have to spend more as well. 3. **Finding New Tenants**: This is yet another thing with which your property management company will be able to help you out. But you'll also need to give the final ok when it comes to finding new tenants. The advantage of long-term rentals is that you only have to go through the process of finding someone new once a year, if that. With short-term tenants you'll have to keep looking every few months. ![icon](https://www.hometeampm.com/hubfs/Home_Team_2022/Group%205168%20(1).svg) #### SUBSCRIBE TO RECEIVE THE LATEST NEWS Stay in the know with the latest news form the leaders in property management ### Subscribe Here! ### Popular Posts #### The Great Pet Debate: To Allow Pets In Your... | HomeTeam Property Management | 30 January 2020 When you become a landlord, it is up to you to decide what you will... 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