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Renting something for a longer term is usually cheaper because there is less overhead and risk. Renting a single day requires extra overhead in cleaning and ad
by qdog 12y ago
Renting something for a longer term is usually cheaper because there is less overhead and risk. Renting a single day requires extra overhead in cleaning and advertising plus the risk of not having it rented. My guess would be nightly stays would need to be in the neighborhood of 150% of the monthly price to make it worthwhile, and possibly much higher if there is a low season.
- aianus 12y agoYes, of course, that's the natural spread that I was talking about. But that natural spread is not as large as the difference between a 12 month lease and a night in a hotel. That's what makes running an AirBnB profitable: undercutting the hotels and capturing some of that spread as income.