Holiday renting: is it profitable?
This increasing of the holiday renting demand finds its explanation in its many advantages. Some of them are:
- Its higher profitability.
- Its higher ease and speed for renting.
- The demand for this renting is increasing.
Nevertheless, we also find some disadvantages:
- It requires so much time and dedication in comparison of the long-term renting.
- It is more unstable and insecure, because it depends a lot on the current demand.
- Obtaining its requirements is complicated.
- The maximum period of time allowed in this renting is 31 days.
According to a recent survey, 80% of the holiday renting landlords believes that this way of renting is worthy than residential renting. Furthermore, 2 of 3 calculate that with holiday renting they obtain between a 5% and 15% more of income.
To sum up, the majority of landlords prefer the high profitability of holiday renting, although it requires more time and dedication.