Long Term Rental

The term “long term rental” applies to a property with a tenant in place for the full term of a written lease, most commonly one year.

In this arrangement, the tenant is responsible for utilities and furnishings. The owner is responsible for maintenance and repairs. The rental income is stable and predictable each month for the term of the lease. Properties can generally exist in any area, as they don’t rely on tourism for tenancy.

This type of investment property structure has existed for decades and is generally understood and accepted in the industry.