Which is better long or short term rentals
LONG V's SHORT So you have a room to rent in an office, Clinic or practice, how do you maximise it to create an income stream from this extra space. There are two main methods - Long and Short term rentals. Before we discuss the method to choose, their are a few assumptions. 1. You will take all the costs, light heat, Insurance and repairs. 2. Your space needs to be set up in a neutral way, provide a simple design and layout, creating a private space for your user(s). Some will like a bright room some a dark. It very easy to create the correct environment for very little investment. We will do a blog on this topic later, -where to source the best furnishings. -create a neutral space which will work for all therapist and medical users. LONG TERM ROOMS Assume you request 500 per month for 12 months this equates to 6000 per annum. thats it, you hopef...