Reasons Why The Short Term Rentals Chicago's Property Owners Advertise Are So Appealing

By William Bennett


More and more vacationers and tourists are turning to online sites advertising private homes for rent when they are looking for accommodations. There are plenty of reasons for business persons, vacationers, and even residents of the city to prefer this option to a hotel stay. There are just as many good reasons why investors offer the short term rentals Chicago's visitors and residents can book.

Flexibility is one of the main reasons owners rent by the week and month. People who own vacation properties like this especially because they can schedule their bookings around the times when they want to use the house for themselves. They don't lose the use of it because there is a tenant occupying the house for six months to a year. If you love redecorating, you want your vacation house vacant while you are working on it. Owners have flexibility with what they charge their renters.

Fees can be easily adjusted up or down according to the circumstances. When you have a house you are renting on a daily or weekly basis, you can always increase the rent when the demand is high. This is usually during peak summer months in certain regions of the country and peak months in the winter for others. When the city is crowded with tourists attending a big sporting event or a major convention, you can increase your rates. When snow is covering the lake, and tourism is slow, you can reduce them.

Owners experience less property damage than with annual leases. Since your paying guests are only visiting for a week or so in most cases, there is less likelihood that they will do serious damage to your property. With tenants, who are living in properties for a year at a time, the probability you will have to make major repairs once they leave is much greater.

Renters reap the benefits of renting a house on a temporary basis. A year long lease is not what everybody wants or needs. Some business people come into the city a few times a year for a few weeks at a time. Others are in town on vacation. Chicagoans who are homeowners sometimes are forced to vacate their homes for extensive repairs brought about by renovation project or damage created by a major fire or flood.

People who are renting temporarily do not have households full of furniture. Most of them are prepared to pay for the privilege of having a fully furnished home. These people tend to treat the furnishings respectfully.

Having a kitchen that's fully stocked means renters can save money by cooking instead of eating out at pricey restaurants all the time. Many of these residences include washers and dryers so renters can do laundry. This saves on dry cleaning bills and allows guests to wash and dry towels and sheets and leave the property the way they found it.

Most of these private homes compete very well with good hotels. Many of them rival the accommodations and amenities those hotels provide. Pools, balconies, patios, and fireplaces are often included in the price of a private home rental.




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