140. Are long-term stays better? (Pros and cons)

Do you know all the downsides to renting to long-term guests for stays over 30 days? If you haven't really thought it through before - there are quite a few. Everything from the legalities and taxes you will owe to the way you manage your property change. Long-term stays are NOT well suited for all short-term rentals and markets. But on the flip side, there are a lot of benefits!So before we decide if we want to attract long-term stays, we need to truly understand if having long-term stays will be to our advantage…So this week, we will dive into this discussion and talk about: Pros of accepting long-term guests The downsides The legalities (it is different) Management Changes Are you leaving money on the table?  Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended)  You can find all of our links here, including our website, recommended resources, upcoming live events, short-term rental playbook, Instagram, and more!