As an ungeared landlord of the same house in the inner suburbs in Sydney for over 40 years, it could be said I am here under false pretences. But the economics of property investment (for income rather than short term gain) must be the same for houses and apartments. Given the vacancy factor and other management issues, I cannot imagine how short term letting can ever be more attractive than catering to people who stay for years. Can someone please explain. What rent loadings apply to short-term whole apartment letting, to makes it attractive.
I should also say we have relied on short-term lets when travelling in Europe and plan on doing so again this northern summer. I would be very sad if authorities in Europe were prohibited from offering this service there.