Short-term or long-term rental: which yields more for you?
The calculator for comparing short-term and long-term rentals determines your potential earnings from renting out an apartment to tourists versus a long-term rental.
It accounts for commissions, cleaning costs, vacancy periods, operating expenses, taxes, and the value of your time. It also identifies the long-term rental rate at which the outcome equals that of a short-term rental, as well as the occupancy rate required for a short-term rental to achieve the same result.
It is designed for small business owners and apartment owners who are deciding on their rental strategy.
Since you input all the values yourself, the results are tailored to your specific situation. In addition to profit, it displays the time commitment required for each approach, and you can download the results as a PDF.
Frequently Asked Questions:
Which is more worthwhile: short-term or long-term rental?
It depends on occupancy, the nightly rate, cleaning costs, and the time you invest. The calculator compares both options based on your specific figures and identifies the point at which one becomes more advantageous than the other.
At what rental rate does a long-term rental become a better choice than a short-term (tourist) rental?
When the rate is higher than the figure generated by the calculator for your short-term rental scenario.
Does the calculator account for the time I spend on it?
Yes. You enter the number of hours spent per stay and the hourly value of your time. If you enter 0, your time is not factored into the calculation.