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Short vs Long Term Rentals

Thinking about switching from short to long term? Use the calculator below to see which is best. 

Rental Calculator
Rental Calculator

How Do Short Term and Long-Term Rental Returns Compare?

As a property investor, deciding between short-term rentals like Airbnb and long-term leases involves weighing up the numbers. 

Short-term rentals generate higher nightly rates, especially in peak seasons, but come with more expenses like supplies, booking fees, maintenance, and utility bills. Plus, you might face periods of vacancy that can affect cash flow.

Conversely, long-term leases offer steady monthly income and lower costs. With tenants committed for a year or more, you’ll experience fewer maintenance issues and reduced management expenses.

 

Short Stay vs Long Stay - Calculator

Excludes costs that are common to both short and long stay rental. 
eg. council rates, owners corp fees, land tax etc.

Call Wood Property if you have any questions or to discuss it further. 

Short Stay Income per year
Long Stay Income per year
i

Total short stay income for a typical year

i

Total long stay income for a typical year

Short Stay Costs
Long Stay Costs
i

Total annual cost to maintain all furniture and effects.

i

Total annual cost to maintain furniture and effects. $0 if unfurnished.

i

Total annual cost of power, water usage, wifi, streaming, etc.

i

Long stay rentals have $0 services costs.

i

Total annual cost of supplies like soaps, coffee, toilet paper etc.

i

Long stay rentals have $0 supplies costs

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Average booking sites fee as % of income

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Total leasing fees in a typical year.

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This field is hidden when viewing the form
i

Average % fee of income charged by the property manager.

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% rent paid to property manager.

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This field is hidden when viewing the form
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Total annual cost of cleaning / washing incl your own time

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Long stay rentals have $0 cleaning costs

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Total annual cost of all repairs and maintenance.

i

Total annual cost of all repairs and maintenance.

i

7.5% tax already entered for you

i

Total leasing marketing costs in a typical year

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This field is hidden when viewing the form
i

Not applicable for short stays

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Total account management costs in a typical year

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Any other costs specific to this use

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Any other costs specific to this use

Total Short Stay Costs
Total Long Stay Costs
Net Short Stay Income Net Long Stay Income
i

Net short stay income before commons costs.

i

Net long stay income before commons costs like council rates etc.

Short Stay vs Long Stay Calculator

Excludes costs that are common to both short and long stay rental. eg. council rates, owners corp fees, land tax etc.

Short Stay

Short Stay Income per year
i

Total short stay income for a typical year

Short Stay Costs
i

Total annual cost to maintain all furniture and effects.

i

Total annual cost of power, water usage, wifi, streaming, etc.

i

Total annual cost of supplies like soaps, coffee, toilet paper etc.

i

Average booking sites fee as % of income

This field is hidden when viewing the form
i

Average % fee of income charged by the property manager.

This field is hidden when viewing the form
i

Total annual cost of cleaning / washing incl your own time

i

Total annual cost of all repairs and maintenance.

i

7.5% tax already entered for you

This field is hidden when viewing the form
i

Any other costs specific to this use

Total Short Stay Costs
Net Short Stay Income
i

Net short stay income before commons costs.

Long Stay

Long Stay Income
i

Total long stay income in a typical year.

Long Stay Costs
i

Total annual cost to maintain furniture and effects. $0 if unfurnished.

i

Total leasing fees in a typical year.

i

% rent paid to property manager.

This field is hidden when viewing the form
i

Total annual cost of all repairs and maintenance.

i

Total leasing marketing costs in a typical year

i

Total account management costs in a typical year

i

Any other costs specific to this use

Total Long Stay Costs
Net Long Stay Income
i

Net long stay income before commons costs like council rates etc.

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