W
ith the There are pros and cons to in time, aggravation, and
popularity in this model. From a pro money. Although there will
Air BNB standpoint, many times, always be the horror stories
gaining traction in the renting to vacationers for less of the vacationer who does a
market place, many real than half a month can earn fair amount of damage to the
estate investors have been more than a full month under house, these instances are
looking at purchasing a typical month to month much less than the usual
residential real estate for the tenant. In the Bay Area, monthly renter.
specific purpose of renting monthly rental may be $3,000 the real estate on a short on average, but the nightly On the con side of renting via
term basis similar to the rental of an Air BNB for the Air BNB, there is no security
hotel model. [For discussion same house may average of rental income surety. One
purposes, we are using Air $300 per night. Also, eviction never knows how many days
BNB, but there are other is not usually a factor in the the house will be rented. Also,
similar companies that could vacation model. Most some months may be more
be substituted in] vacationers are not squatters seasonal than others. For
by nature, and lessee instance, attempting to rent
Rather than attempting to evictions [especially in tenant your Napa Valley place out in
garner a month to month friendly states such as February may rent for far
tenant or a longer term California] can be expensive fewer days than in August
lessee, some real estate
investors have been looking
at a model wherein they
forgo the security of known
monthly rent in exchange for
the hope of higher income
per month by renting to
vacationers on a short term
basis. This type of rental is
especially the case in
popular vacation
destinations such as San
Francisco and the Napa
Valley as well as the
outlining areas.
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