Which is a better option? Short term rental agreement or long term rental agreement?
Today international Property sales volume reaches around $500 Billion usd volume around the world. Singapore, Hong Kong, Dubai, Istanbul, London, Miami, and Toronto and Los Angeles are top centers of this international investment flow; meanwhile Phuket, Bali, Alanya, Antalya, Bodrum, Greek Islands, South(Greek) & North(Turkish) Cyprus, Marbella, Ibiza, Budva, Alexandra, French Riviera and Tulum have come forward as vacation home concepts in recent period. 75% of foreign investors purchase their properties as holiday home or investment wise; only 25% of investors purchase for permanent living or part-time residents which they do not want to give a rent.
When investors purchase a Property in their own country or abroad; the most important point is the after sales process. After proper documentation, title deed transfer, and handover of the unit, the first question is as all we can guess: find the correct tenant which is the most sensitive point to have less headache during the ownership + to get maximum ROI to create satisfaction and benefits for investors. We will have a look at the positive and negative facts of both scenarios as short term and long term rental options and see the efficiency of both variations.