Published on our February 2023 Newsletter
Question: “What are the different advantages of renting as long-term vs vacation rental?”
Chris’ Answer:
As a long-term rental you will have a steady income all year, and potentially a tenant you will know. Your costs are lower due to the tenant taking care of the cleaning and other expenses which would accompany vacation rentals.
With a vacation rental there is the possibility of a higher income. Our high season is roughly mid-December through mid-April. This is when you will be earning the most. May, June, July, and November can be good rental months, too. Between each guest the property will be professionally cleaned, and your manager will be able to take care of any issues. You will have more eyes on the property.
#stcroixusvi #usvi #virginislands #realestate #realestateagent #realtor #coldwellbanker #rentalproperty #longtermrental #vacationrental