What does short-term flat rental involve?
Text from 2019. Laws, rates and prices may have changed since then. Ask an agent
The summer holidays have begun – the season of trips, excursions and summer camps. Owners of residential premises let for a few days or weeks benefit from it. Find out what short-term flat rental involves. It is a great form of investment, especially in the summer season.
Who uses flats for rent?
Rental flats in large cities and mountain resorts are growing ever more popular, especially among young people and families. They are a great alternative to expensive rooms, apartments, hotels or houses. Residential premises of this type always have a kitchen or kitchenette, a convenience that is often missing in apartments and hotel rooms. A flat is a separate unit that allows privacy and freedom and provides security. Adverts for short-term lets of multi-room flats in Warsaw, Kraków and Katowice are viewed very often. Tourists and guests most often book premises for a week or two. The whole space is at the client's disposal.
We tend to prefer flats in the city centre or close to bus stops or metro stations. Such properties are rented short-term not only by tourists but also by people on secondment, business trips or quick visits to relatives.
Is short-term flat rental worthwhile?
Renting for a short time is a good solution for people who, in the season from September to June, let residential premises to students. The flat then does not stand empty and even brings in a profit. In other situations we can profit from a short-term let only when occupancy is high and prices are set appropriately. We cannot allow a situation in which we pay for premises that stay unlet for a long time. Remember that bills for water, gas and heating are the owner's problem.
READ ALSO – WHAT SHOULD YOU KNOW ABOUT RENTING A HOLIDAY COTTAGE?
What does short-term flat rental involve? – summary
We now know to whom short-term flats can be let and who readily uses this option. Remember also to draw up a short-term tenancy agreement. The flat must be equipped with all the necessary household and audio-visual appliances. If we want to let the flat to the next guests, we must clean it and prepare, for example, fresh bed linen.
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