As a brokerage or property management company, staying ahead of the competition means constantly exploring new opportunities for growth. One often overlooked strategy is tapping into the mid-term rental market. Mid-term rentals are becoming increasingly popular among traveling professionals, families in transition, and corporate clients looking for flexible housing options. For brokerages and property managers, this presents a unique opportunity to: - Increase revenue by managing mid-term rental properties, which offer higher rents than long-term leases with less turnover than short-term rentals. - Serve clients in transition—whether they’ve sold their home and are waiting to buy another, or need temporary housing while relocating. - Attract new investors interested in steady, predictable cash flow without the challenges of short-term rental turnover. By embracing mid-term rentals, you can not only expand your service offerings but also position your business as an expert in a growing, lucrative market. Want to learn how mid-term rentals can transform your business? Read the full blog below! #PropertyManagement #BrokerageGrowth #MidTermRentals #RealEstate #RevenueGrowth #FurnishedFinder #InvestorOpportunities
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Short-Term Rentals vs. Long-Term Leasing: The Right Choice 🏡🔑 Deciding between short-term rentals and long-term leasing can significantly impact property investment returns. Short-term rentals offer flexibility and the potential for higher income, particularly in tourist-heavy areas, but they come with increased management responsibilities and seasonal fluctuations. Conversely, long-term leasing provides stable, consistent cash flow and less frequent tenant turnover, making it a more passive investment option. Ultimately, the right choice depends on factors such as location, market demand, and personal investment goals, encouraging landlords to carefully assess their strategies to maximize profitability in the ever-evolving real estate landscape. #RealEstate #InvestmentStrategy #ShortTermRentals #LongTermLeasing #PropertyManagement https://lnkd.in/gkHhTycf
Short-Term Rentals vs. Long-Term Leasing: Making the Right Choice
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From tenant screening to handling legalities, the life of a self-managing landlord is not to be taken lightly. Learn how Rockett Home Rentals can streamline your property management process. Your investment deserves expert care. Read more! 👉 https://bit.ly/30s1CII #PropertyManagement #Landlords #LettingAgent #AwardWinningLettingAgent
News / Blog | Rockett Home Rentals
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In this article, we will break down the four core competencies that one must possess to effectively and efficiently manage a rental #property. Without these four skills, a #rental property will likely struggle in multiple areas. Read more: https://lnkd.in/ezR-tqkr
The 4 Core Pillars of Every Successful Property Manager
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Home Sweet... Temporary Home? Weighing the Pros and Cons of Short-Term Rentals in Canada The rise of short-term rental platforms like Airbnb has shaken up the traditional housing landscape in Canada. But is listing your property a recipe for passive income paradise, or a potential pathway to problems? Let's unpack the good, the bad, and the transient of short-term rentals. Pros: Potential Payday With nightly rates often exceeding traditional rent, short-term rentals can be a lucrative option. Imagine turning your vacation property into a cash cow! This is particularly enticing in popular tourist destinations like Banff or Vancouver. Flexibility is King (or Queen) Need your place back for a family reunion? No problem! Short-term rentals allow you to block off personal use dates, offering unmatched flexibility compared to long-term leases. Maintenance on Autopilot Frequent guest turnover means regular cleaning and inspections. This can help identify and address maintenance issues before they snowball, keeping your property in tip-top shape. Cons: The Risk Equation Short-term rentals are not immune to vacancy periods. Off-season dips in tourism can leave you on the hook for utilities and mortgages with no rental income to offset them. Unruly Guests? Traditional tenants come with built-in screening processes. Short-term renters can be a gamble. Be prepared for the possibility of noise complaints, property damage, or even parties that disrupt the peace in your neighborhood. Navigating the Regulatory Maze Municipal regulations regarding short-term rentals can be a complex web. Ensure you understand and comply with local bylaws to avoid hefty fines or even shutdowns. The Verdict? Short-term rentals offer a tempting combination of flexibility and potentially higher income. However, they come with inherent risks and require careful planning and management. Do your research! For a deeper dive into the world of short-term rentals in Canada, check out this informative article from Tenantcube [https://lnkd.in/eYVaRSgM): It explores the financial considerations and legal aspects you should be aware of. Thinking of making the leap? Consider partnering with a reputable short-term rental management company like Property Paradise Inc. They can handle the guest screening, cleaning, and even navigating the regulatory landscape, freeing you up to focus on the profits! propertyparadise.ca Now it's your turn! Have you had any experiences with short-term rentals, as a host or a guest? Share your thoughts in the comments below!
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In this article, we will break down the four core competencies that one must possess to effectively and efficiently manage a rental #property. Without these four skills, a #rental property will likely struggle in multiple areas. Read more:
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In this article, we will break down the four core competencies that one must possess to effectively and efficiently manage a rental #property. Without these four skills, a #rental property will likely struggle in multiple areas. Read more:
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In this article, we will break down the four core competencies that one must possess to effectively and efficiently manage a rental #property. Without these four skills, a #rental property will likely struggle in multiple areas. Read more:
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In this article, we will break down the four core competencies that one must possess to effectively and efficiently manage a rental #property. Without these four skills, a #rental property will likely struggle in multiple areas. Read more:
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In this article, we will break down the four core competencies that one must possess to effectively and efficiently manage a rental #property. Without these four skills, a #rental property will likely struggle in multiple areas. Read more:
unleashedmobileapps.com
tenantcloud.com
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In this article, we will break down the four core competencies that one must possess to effectively and efficiently manage a rental #property. Without these four skills, a #rental property will likely struggle in multiple areas. Read more:
unleashedmobileapps.com
tenantcloud.com
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1moYour company is great. I’ve been using your platform for a couple years. I’m in a very seasonal area and while I’m fully booked in the summer, the winter could be challenging. I currently have 5 condos listed with you and all 5 have winter bookings because of you. Plus, I don’t need to pay you a percentage like other platforms. So, thank you! Great company. I highly recommend