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May 27, 2016

Why Short Term Rentals Are Worth It

Short term rentals in NYC provide the tenant with a way to have a place to live, without the extended contract. They can provide the tenant with many benefits when compared to longer leases that are offered. Online marketplaces have increased over the years with the number of temporary housing options they have available. It seems to be a common win-win all around, for everyone involved.

It’s worth it for the tenants.

Tenants can find numerous pros to living in a short term rental. This may be one of the reasons they’re increasing throughout the country and are coming up at a much larger demand.

Tenants searching for temporary housing will often times have good reason. If you’re renting short term, you do not have to worry about signing, and being locked into a full time contract. This will give you more freedom to choose where you’d like to live without having to wait until your long term contract is up.

If you’ve just moved to NYC, and need a place to spend some time while looking for a more permanent residency, short term leases are ideal. This also gives you a chance to get to know the city before fully committing to it.

It’s also worth it for landlords.

Short term rentals in NYC also provide benefits for landlords. They can be a lucrative source of income for those who have leases of 1- 6 months. This allows the landlord to ask for higher rental fees as compared to longer leased apartments.

Another benefit of renting short term is that you’re not stuck with the same family, person, or couple for a long period of time. You’re able to meet new people when you rent short term, allowing you to learn many different stories.

Short term rentals also allow the landlord to have some freedom of choice when allowing renters to move in. They can fix the terms of the lease according to the needs of both parties.

Whether you’re a landlord wondering if short term housing is for you, or a tenant looking for short term housing in NYC, it can be a rewarding, beneficial experience for everyone. Not only does it mean extra income for the landlord, but it also means a place to stay for the tenant. They can come either furnished, or unfurnished – depending on what is being offered. Explore NYC in a short term rental that provides the freedom and space you need to branch out.


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