This method of making a profit from real estate investments is more profitable. However, it requires quite a lot of effort: it will take almost every day to show the apartment, evict and settle new tenants, do the cleaning, wash the bedding and towels.
When renting an apartment it is important to choose the right tenants. Best of all, if it will be tourists or travel. Such categories of citizens rent housing for a longer period – up to several weeks, since it is in any case more profitable than staying at a hotel. Typically, these tenants behave calmly, and problems with them do not arise.
Renting an apartment for young people who want to have fun is less preferable. This is fraught with complaints of neighbors, damaged furniture and repairs, smoke from tobacco smoke in the apartment.
If the investor decides to rent an apartment by the day, you can advise him to take a deposit in the amount of the cost of living. This will be insurance in case of damage to any property. It is useful to also make a copy of the passport.
The advantage of this method of investment is a higher level of profit.
Among the disadvantages include:
probability of damage to furniture and other property;
the need to frequently show the apartment, to occupy and evict the tenants;
requires regular cleaning and washing.