What are the advantages of long-term versus short-term rental properties?

Long-term rental properties provide more predictable and stable income compared to short-term rentals. With long-term leases, you typically have tenants committed for a year or more, reducing vacancy risk and providing a consistent cash flow. This can be ideal for investors seeking less hands-on management and lower turnover costs. On the other hand, short-term rental properties, like those listed on platforms such as Airbnb, can offer higher rental income in prime locations or tourist hotspots. The downside is that short-term rentals require more maintenance, management, and handling of frequent tenant turnover, which can result in higher operational costs. Overall, long-term rentals are more passive, while short-term rentals offer the potential for higher returns at the expense of increased effort.