Asheville Real Estate Blog

I live in a vibrant town nestled in the mountains where two beautiful rivers converge. I love my life and my work here in Asheville, and I hope you'll enjoy my posts. I write about what’s happening in and around the city, and my interests include art + design, photography, architecture, music, people, dining, gardening, books, real estate trends, hiking, and dogs. 

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Renters for a Weekend or a While: What’s the Best Use of Your Investment Property?

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The residential rental market is now the fastest-growing segment of the housing market. In the United States, the demand for single-family rentals, defined as either detached homes or townhouses, has risen 30 percent in the past three years.
And in Canada, rental units now account for nearly one-third of the country’s homes, with particular demand for multi-family units, including apartments and condominiums.

At the same time, the short-term, or vacation, rental market is also booming. The popularity of online marketplaces like Airbnb, HomeAway, and VRBO has helped the short-term rental market become one of the fastest-growing segments in the travel industry.3

Now, more than ever, there is an abundance of opportunity for real estate investors. But which path is best: leasing your property to a long-term tenant, or renting your property to travelers on a short-term basis?

In this post, I examine the differences between the two investment strategies and the benefits and limitations of each category. As the City of Asheville has restrictions that apply to rentals, give me a call and I’ll be happy to look into your specific situation and answer any questions you may have.


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