Renting a vacation property for a long term trip can be a wonderful experience for you and your family to become part of a new community in the destination you are visiting. Although you are there for vacation and aren’t a permanent residence you can still find the community, adventure, and fun of a vacation with the stability and comfort staying in your own private property affords.
As a vacation rental owner there are pros and cons when it comes to renting to short or long term vacation rental clients, and it is up to you as the landlord or property manager to decide if renting to long term tenants is something you want to do. Renting to short term clients in Aruba means you can have a lot of turnover in clients and therefore make money, but you are also constantly cleaning up after clients and turning the house around to be ready for a new set of people.
If you can find vacationers who you trust and who will take care of the rental property then having a consistent set of tenants for many months at a time can reduce stress, maintenance costs, and still garner you a profit throughout the year.
The benefits of a long term vacation rental in Aruba is that the tourist season may have its ups and downs, but there are clients consistently throughout the year because of the great weather and affordable cost of living that the island offers. Not only is the tourist industry very strong in Aruba, but business is also booming which means that business people from around the world are also looking for accommodations in Aruba.
Renting to long term clients be they tourists, businesspeople or locals looking for a different experience on the island can be a great experience for the landlord as well as the tenant.
Treating your rental like a business if you are renting to short or long term clients is the biggest tip anyone can give in the rental business. This is an investment in your time, money, and patience as renting a vacation property is a little like running a hotel. People can be demanding and on occasion downright ridiculous, and keeping up with the costs of owning a vacation property requires detailed book keeping and knowing your schedule inside and out. However, if owning a vacation rental is what you want to do then it can be a very lucrative business, especially if you own a property in the Caribbean.
Staying in a long term vacation rental as a client can be a wonderful experience. If you are living somewhere for a few months it is important to establish a good relationship with the landlord. You shouldn’t depend on them to clean up after you or provide you with the same amenities as a hotel- rather, this is your temporary home and you need to treat it as such.
Whether you are a landlord or a tenant, having a long term rental can be great!