If you own a one- or two-bedroom rental in DC, you would make more money renting it out on a long-term basis than on short-term sites like Airbnb, according to a new study. For larger residences, it is the opposite.
RentHop and AirDNA put out a study this week that looks at whether or not landlords in major U.S. metros should list their properties as short-term rentals or standard long-term leases.
"In Washington, landlords can make 98.46% more renting their 1-bedroom out as a long term rental, 27.29% more renting their 2-bedroom out as a long term rental, 2.74% more renting their 3-bedroom out as a vacation rental, and 13.01% more renting their 4-bedroom out as a vacation rental," according to the report.
Short-term rental hosts in DC are now required to obtain a short-term rental license, but these hosts can accept guests for an unlimited number of days annually. For hosts who are not on the premises during guest stays, there is a separate vacation rental license under which there can only be guests for up to 90 days annually.
This article originally published at https://dc.urbanturf.com/articles/blog/long-term-rentals-more-lucrative-than-airbnb-rentals-in-dc-per-study/20157.
Most Popular... This Week • Last 30 Days • Ever
The development for four parcels at The Yards from Brookfield Properties and the Menk... read »
Plans for the New York-based eatery appear to be moving forward.... read »
EDENS filed a planned unit development for a two-building residential development tha... read »
One of the more prominent features of the project will be a public plaza that will ru... read »
Foxhall is a DC neighborhood bordered by Reservoir Road, Foxhall Road, Glover Park, a... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
As home buyers get the itch to look for a home and start to venture out to open house... read »
The development will replace the 44,700 square-foot retail structure that was previou... read »
The concept includes 14 lanes for bowling, a 1,200 person concert venue, a craft bar ... read »
The zip codes that are home to Brentwood, Takoma Park and sections of Hyattsville top... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro