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Long or short-terms lets

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Buy-to-let investors deciding between short or long-term letting should carefully consider the pros and cons of each option, suggests Adrian Goslett, regional director and chief executive of RE/MAX of Southern Africa.

He offers the following pros for both options:

Long-term letting: 

  • A known or fixed rental income is generated monthly, so exact profit/monthly returns can be calculated.
  • Less wear and tear as tenants are not in and out frequently.
  • Annual increase of around 10% (market dependent).
  • Your home is being maintained as there is always someone on site giving feedback.
  • Lower risk of break-ins as your property will not be standing empty for lengthy periods of time.

Short-term letting on platforms like Airbnb:

◆ Payment is guaranteed.

◆ The platform has proven its credibility during Covid-19 by refunding deposits.

◆ Your property is shown to people all over the world.

◆ The reviews safeguard both travellers and hosts.

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