Short or long-term letting: compare obligations first

Do not select a letting model solely from nightly or monthly rates. Compare regulatory requirements, management, cleaning, furnishing and occupancy variability. Verify current rules and any required building permissions before advertising or accepting bookings.

Practical steps

1. Have a local professional review the intended operating model
2. Calculate expenses per stay or month as appropriate
3. Test lower-demand scenarios and the management time required

General guidance. Consult qualified professionals on legal, financial and technical matters specific to your transaction.