As described in my journal, I plan to move to cheaper places when I retire, and stay for 2-3 months in each location until I find a place I want to stay longer. But the problem with this nomad living is that prices for short term renting is higher than long term renting. Reasons for this:
- No deposit paid so more risky for landlord
- Cost of advertisement and pain with finding a new tenant
maybe more?
Is there a way to hack short-term renting to get it for (close to) long term renting price? I would like to have the same landlord across different countries. The same deposit, same payment method etc...
Rent short term with long term price
Re: Rent short term with long term price
I have been able to do this for a few months in Bay Area by surfing 4-8 week rental opportunities on Airbnb which were slightly below market value for even long term rentals. The owners were taking long vacations / going abroad for other reasons for a few weeks. Not sure how liquid this market is though, I might have just been lucky in lining these up.
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Re: Rent short term with long term price
There is a way: subletting ... or is that subleteeing?
Re: Rent short term with long term price
The one described above would be my recommended strategy here in Italy.
Italians have a very high rate of ownership, and here for most investing = buying real estate.
Result is many, many people have multiple properties, even in the lower middle class.
Renting long term in southern Europe (Italy, France, Spain for sure) is a terrible deal, because the laws tend to protect the renter*
So a lot of properties are now on AirBnb, but could be available longish term.
Unless you want a super hot turistic area, many landlords will be happy to rent to you just a tiny bit above or at long term market rates, especially if you paid cash in advance and requested no invoice (so they can dodge the tax man).
I would imagine this strategy could work in all Southern Europe, and in most countries where it is customary to own a second home.
*ie: in France it's illegal to evict somebody during the winter, no matter how behind he is with payments
Italians have a very high rate of ownership, and here for most investing = buying real estate.
Result is many, many people have multiple properties, even in the lower middle class.
Renting long term in southern Europe (Italy, France, Spain for sure) is a terrible deal, because the laws tend to protect the renter*
So a lot of properties are now on AirBnb, but could be available longish term.
Unless you want a super hot turistic area, many landlords will be happy to rent to you just a tiny bit above or at long term market rates, especially if you paid cash in advance and requested no invoice (so they can dodge the tax man).
I would imagine this strategy could work in all Southern Europe, and in most countries where it is customary to own a second home.
*ie: in France it's illegal to evict somebody during the winter, no matter how behind he is with payments
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