Short-term rentals provide an added layer of income in a changing marketplace
The savvy developer has long been drawn to the safest investment with a steady return. With that in mind, residential units and properties, offices and commercial spaces have all provided the long-term ‘safe-bet’ rental to guarantee a steady income stream. However, in mixed-use properties, the short-term rental is finding its feet as a realistic option to increase culture, create community, and most important of all, raise the developer’s operating income. Taking advantage of a mixed-use building for rent rewards should surely be high on every developer’s modus operandi.