It’s Time to Turn Your Airbnb Into A Long-Term Rental Property
Has your Airbnb or short term Portland Oregon rental property been sitting vacant since the start of Coronavirus (COVID-19)? if so, you’re not alone!
Even though short-term rental properties have been a consistent moneymaker across the United States for the last five years, since the onset of coronavirus across the United States, most investors who own short-term rental properties like Airbnb’s, have reported that bookings have all but dried up.
You may be asking, “okay, what’s the solution to the problem?”. The answer to the problem is your turn your short-term rental property into a long-term rental.
Turn Your Airbnb Into A Long Term Rental
The main reason why you should turn your short-term rental property into a long-term rental right now is that even if the economy in Portland reopens within the next 30 days, that doesn’t mean that short term rental properties will return to normal like they were before.
Most economic analysts feel that the short-term rental market won’t recover for up to 120 days (or longer) so one of the best things that any investor can do is convert their short-term rental into a long-term rental property.
There’s also a real chance that the short-term rental market could take one year or longer to recover because the United States sits on the brink of a recession (or a possible depression), and this means that vacation spending may not recover for the foreseeable future.
Yes, this news may not be the news that short term rental property owners want to hear but, it’s something that every investor who owns an Airbnb or similar short term rental property has to accept sooner rather than later especially if they want to get their rental properties back into profit once again.
Time to Hire A Property Manager
Thankfully, it doesn’t take a lot of time, money, or hassle to turn a short-term rental property into a long-term rental, especially when you hire a property management company.
A property management company like Rent Portland Homes – Professionals, will save you the time, money and hassle of converting your short-term rental property into a long-term rental.
What’s best of all about working with a property management company is that you can continue earning passive income from your investment property because we will handle all of the day-to-day activities of managing that rental property.
Some of the wide variety of Property Management Services that we can offer you include property marking, tenant selection, rent collection, maintenance, accounting, customer service and so much more!
Get Your Portland Rental Property Back into Profit!
Now is the perfect time for you to get your Portland Oregon rental property back into profit by converting it to a long-term rental.
To learn more about the property management services that we can offer you contact us today by calling (503) 447-7735 or click here to connect with us through our website.