Why You Should Consider Giving Out Your Property for Short-Stays

Why You Should Consider Giving Out Your Property for Short-Stays

  • The real estate sector in Ghana is a seller's market which is earning landlords and real estate companies a lot of money
  • This is a great investment opportunity for people who want to go into the housing sector by renting out their properties
  • Giving your house out for short-term rental is usually more beneficial than giving it out for long-term rentals

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Long-term rentals are more popular in Ghana than short-term ones. People are beginning to realise the benefits of giving their homes for rent for short periods only. Yen.com.gh has outlined reasons below why you should consider it too.

Couple moving into their short stay apartment
Couple moving into their short stay apartment. Photo credit: Getty Images. Source: Getty Images
Source: Getty Images

Short-Term Apartments are Costly

Short stays are usually more expensive than long-term ones. Many of the landlords who do short stays give their apartments out for rent for a few days or weeks but charge in dollars. Recently, a food blogger shared on Twitter that she and her friends paid GHc7,200 cedis per night for a 3 bedroom house in Aburi.

Read also

4 Important Reasons To Buy a House in Ghana

Make Money on a Consistent Basis

Short stays are a way to make quick money by receiving cash on a more regular basis as opposed to long stays where landlords make money every year or two years.

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Many short stays are booked in advance all year round and usually get more tenants through reviews and recommendations from past visitors.

Unreasonable Tenants Do not Stay for Long

One major headache for landlords is having to deal with notorious tenants. If a landlord gave their house out for a long term rental then they are most likely stuck with the tenant for a year or two.

With short stays, landlords are mostly relieved after a few days or weeks when bad tenants check out.

All You Need to Know About Moving into Your New Apartment with Your Pet

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In an earlier article, Yen.com.gh wrote about simple steps to consider when moving to a new house with your pet. Many pets are stressed out due to the moving out process and the new environment they find themselves in.

It is important to take practical steps to ease the burden on them and make them feel at home more quickly.

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Source: YEN.com.gh

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