To Airbnb or not to Airbnb – (Airbnb or rent)
To Airbnb or not to Airbnb – (Airbnb or rent) This blog post is for people who already have a suite, a room, or a space and are not sure if they should rent (LRT) it out or do Airbnb (STR). In this blog, I will share the similarities and differences between the two. I will also why we chose to do Airbnb over long term rental. I am certain you will be well informed to make a decision after reading. Enjoy! Please share comments and feedback below! Before we dig into it, let’s explain some concepts: STR (Short Term Rental) – based on where I live, it’s when you rent out your space for 28 days or less. MTR (Medium Term Rental) – when you rent your place for 30 days and six months. L TR (Long Term Rental) – when you rent your place for a year and more. So now let’s go into the similarities. Similarities Rental: STR and LTR are all rentals. You are giving your space to someone to rent it. Guests: With both STR...