Medium-term rentals are also becoming more and more popular and something to consider in certain situations. That being said, you need to watch out for two things with these:
- The costs to furnish them can be significant.
- Local regulations are becoming more and more strict, so check your local laws carefully.
And let us not forget that switching homes to student rentals near colleges can also be very lucrative. In fact, it’s how my father got started in real estate.
Lastly, in a time when affordability is a huge issue for people, renting out by the room has become more and more popular and can increase the rent a property can get on the whole. Companies like PadSplit can help automate this process.
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