Airbnb vs Long Term Rental in Jamaica

So many people have asked me if I would consider doing an airbnb and I'm always hesitant to answer. Nonetheless, you can probably tell from the video that I decided to go with long term rental. Since construction, many people would ask me if I was renting. I would often hear, "when is the place finishing or yuh nuh know anywhere ah rent?" The demand for rental properties are currently high. Anyways, I have also decided to compare long term rentals and short term rentals to see if the option I chose made sense for me. The question is, which would you choose and why?
Disclaimer:
This video is for educational purposes only as I am not a financial advisor or real estate agent. Please know that the information here is being presented without any consideration of any investment risks associated with the rental options mentioned.
#construction #building #buyingahome #realestate #airbnb #jamaica

[@JuniorCeO3323]

I’m more for the idea of doing routine check up and maintenance on my property. Plus not having issues with removing a bad tenant from said property. I would definitely try the Airbnb route

[@Fabziy]

Enjoy your videos!

[@LifeintentionswithKamellen]

My biggest issues with Airbnb is that everyone is running from LTR and the terrible tenants, so the good a suffer for that bad. These places are also the most accessible places in the local towns and cities. Them a run we go a hills! Jeesh! Nothing nuh lef inna d town dem fi locals!

[@JeanaCavel]

Yes, over saturation of short term rentals in a specific area means less housing opportunities for residents! Great point!

[@ListedInTheSouth]

You are so right, terrible tenants have made it bad for everyone. I watched the Delpratt family post about a tenant they just had to evict from one of their properties, and the way they left the place in shambles 😠. At least with airbnb they insurance for damages.

[@ListedInTheSouth]

My suggestion is to do airbnb, short-term or vacation rental first. This way you can recoup your initial investment into the build a lot faster. With airbnb, there is insurance in place in case the guests cause damage to your property.