1. The short-term rental market is growing.
The short-term rental market is predicted to grow more than 7 percent annually between 2017 and 2021, when it will be worth $194 billion.
2. Short-term rentals can make more money than long-term rentals. They diversify your portfolio and attract a different stream of revenue from people who have the money to travel.
3.Tax advantages. You can now deduct mortgage interest on second homes (see your tax professional for details.)
4. You will have a vacation home in a place you love to visit yourself.
Even if you are just starting to consider the possibility of owning a second home, renting it during the time you are not using it is the smart way to pay for it. Need more details? Contact me here.