Many people looking for housing or accommodation are turning to short term rentals as a convenient and easy alternative to longer rental agreements. Whether one is taking an extended vacation, relocating to a new job or simply unwilling to commit to a long term lease, short term rentals can offer several advantages.
Key Advantages of Short Term Rentals
In most cases, short term rentals are apartments or condominiums that are fully furnished and have all utilities in the name of the owner. This arrangement allows for an ease of entry for the renter, with no effort or expense to set up new accounts and services. Some rentals may include all utility costs in the monthly rent, or they may be billed separately to the tenant by the owner. In either case, the owner retains the utility account and billing, as well as having ultimate responsibility for payment.
Often, cable television and internet are also included in the rent, however service may be limited and it is important to discuss the details prior to moving in. If a renter requires a high speed internet connection, or multiple cable sports channels, the owner can charge extra to provide those services. Nonetheless, it is the owner who makes the arrangements with the service provider and passes on the cost.
In addition to the 'turn-key' nature of short term rentals, another important advantage is flexibility for the renter. Normally, the rent is paid monthly with an agreed to notice period to vacate, usually 30 days. Any deposit would be used to offset utility bills or damages, but beyond that there is no further obligation by the renter. This arrangement is perfect for one who is working short term or relocating and needs to find the ideal location in their new city, yet also wants a place to live right away. A short term rental offers the flexibility of a hotel with the permanence and feel of a residence.
Finding Short Term Rentals
There are a variety of methods to find a short term appartment rental depending on the city. A variety of websites and companies sources exist, including online classifieds, vacation rental by owner websites and social media. Often, one of the best ways to find a suitable short term rental is to explore in person your preferred neighborhoods, and look for signs or speak to building administrators who may handle rentals for many owners. A little known method is to contact local businesses or corporations and ask where they refer their employees who are relocating or need temporary housing. This method gives the advantage of knowing the owner is reputable and has a quality property.
For travelers and vacationers, the short term rental market is a little different as often the time period is fixed ahead of time, and the agreement is only for those dates. The vacation rental may be more expensive, but is also all-inclusive so that the rent stated is the entire price with no add-ons. A variety of websites deal exclusively with this type of rental, and other good sources are travel agents, local hotels and ads in local publications.
Once experienced, the short term rental becomes an excellent alternative to more traditional lease agreements, and in some cases may evolve into a longer term stay as the tenant appreciates the ease and flexibility of this type of property.