Short-Term Rentals

We usually discuss rehab investments as properties that are sold or rented out to long-term tenants, and rarely discuss investment properties as short-term vacation properties.  More and more people are turning towards homes instead of hotels for getaways.  These types of properties can easily be found on websites such as Airbnb, VRBO and HomeAway.

It is important to look at the ROI for the property as a short-term rental house compared to having full time renters.  Depending on your location and the number of current vacation home rentals, some properties will be more successful as a short-term rental.  How do you determine how a property will be used?  If you currently have an investment property as a short-term vacation property, what are the benefits of having one?

Recently, more and more cities are passing restrictions on short-term rentals.  Some cities are looking to ban these types of rentals in residential areas due to housing shortages.  What could this mean for the real estate investment industry?