11 Reasons Why Long Term Rentals Are Better Than Short

Do you want to cover the costs of the home you purchased in the Orlando area? I can share with you at least 11 reasons why long-term rentals are better than short-term rentals. I have been in the property management industry in Kissimmee, Florida since 1991. That’s the kind of experience that you can count on. I owned and operated my own short-term rental company from 1994 to 2004, and long-term rentals from 1996 to the present. This gives me the experience and qualifications to talk on both these subjects and why you should consider these 1 reasons why long-term rentals are better than short-term rentals.

long-term rental

Why do Landlords Prefer Long-Term Tenants?

The answer is simple – mutual investment. If you are able to screen tenants successfully, you can enter into a partnership of mutual trust and respect with your tenant. In most cases, the tenants will make improvements to the home if needed, without sending you a bill! While this is not required, this would be a show of good faith and appreciation. As the homeowner, it is your duty to ensure that your home is in good order for the tenants who will be residing there.

In addition to knowing your home will be well taken care of, long-term tenants offer the security of residual income. If you are able to reduce any overhead on your investment property, you can not only pay off the mortgage on the property itself but invest in a new property if you please! Real estate truly is one of the best investments to make.

Overall, any cons that may come with renting your home can be avoided with effective tenant screening and a good relationship with long-term tenants.

long-term rental

11 Reasons Why Long-Term Rentals are Better than Short-Term Rentals

  1. Long-term rentals are better than short-term rentals because your income is fixed for the entire year. You know how much you’ll be paid every month, which gives you a stable source of income.
  2. Vacationers come and go and you’re at the mercy of the market. Pandemics, hurricanes, and all kinds of economic factors govern the popularity of vacationing in Orlando. Sometimes vacationers only stay a few days to a week. In the winter months, if you’re really lucky you’ll get a snowbird rental that will stay for six weeks or so, and they’ll pay a much lower rate. It’s rare you get enough rentals to pay your overheads. Long-term rentals are much more consistent. You could have the same tenants for years.
  3. You don’t have to pay for utilities or phone bills or cable bills. These are all in the tenant’s name on the day of move-in when you have long-term renters.
  4. In Florida, if your rental is for over six and a half months, you do not have to pay a sales or resort tax. But you are still responsible for your property taxes or HOA fees because they belong to the homeowner and not the tenant. Register your vacation rental for sales tax via this link https://floridarevenue.com/Forms_library/current/dr1.pdf
  5. You don’t have to furnish your home with long-term rentals. You need your floor coverings and window blinds, but you don’t have to update your furniture every few years.
  6. No one will call your manager at night for a light bulb or a blocked toilet. Long-term tenants do those things themselves.
  7. No one will ask you for a refund because their vacation was ruined due to a hurricane
  8. You won’t be asked to refund money because it rained all week and the pool couldn’t be used.
  9. Tenants don’t expect a fix immediately unless it is an emergency
  10. Ongoing or preventative repairs don’t have to be scheduled when someone isn’t staying at the property for vacation. This results in lower maintenance and ongoing costs. You also don’t have to buy new silverware, towels, and other things.
  11. Insurance coverage is cheaper. With a long-term rental, someone is living there year-round. That provides a better break on insurance.

Long-Term Rentals Near Me

We have been doing long-term rentals and property management in Kissimmee since 1996, so we have a unique perspective on both types of rental. This is why I feel it would benefit you to know why there are 11 reasons why long-term rentals are better than short-term rentals. Check out our article on vacation home renting https://renterschoicehomes.com/vacation-home-rental-kissimmee/

Now that you have seen these 11 reasons why long-term rentals are better than short-term rentals, call us to find out even more reasons why it’s beneficial for you to make the switch. We’ll walk you through the process and let you know how much more money you could be putting in your pocket by bringing your home to us so we can rent it out for you as a long-term rental.

If you need further information about Kissimmee, Orlando, or Davenport long-term rentals and property management, please don’t hesitate to contact us at McCormack Realty & Renters Choice Homes. Better yet pick up the phone and call us at 407 933 2367 or in the UK at 0161-300-9595. Your inquiry is confidential, and solutions to your problems are just a call away.

Phone USA: 407 933 2367

Phone UK: 0161 300 9595


About the author, Anne-Marie McCormack

Anne-Marie McCormack has been a Florida licensed Real Estate Broker since 1996. She has worked as a realtor in property management, rentals and sales in Kissimmee, Davenport, and Orlando, Florida since 1991.

She heads the team at McCormack Realty & Renters Choice Homes and has lots of experience with long-term and short-term rentals and sales. . Anne-Marie owned and operated a short-term-rental, property management company from 1994-2004. Since then McCormack Realty & Renters Choice Homes has focused on long-term rentals and sales of residential, investment homes and vacation homes also known as holiday lets.

Leave a Reply

Your email address will not be published. Required fields are marked

3 − three =

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Find the best tenants for your investment property in our free guide.

tenants for your long term rental