5 reasons why you should live in an apartment that allow short term rentals

If you are moving to Toronto or are looking to move from your residence, you should consider living in an apartment that permits short term rentals. (But no, not the ice condos). There are thouands of available places in the city that allow for short term rentals, regardless of whether you are a renter or a homeowner. While short term rental seems to have become as dirty of a word as our dear Justin T, there are plenty of upsides to living in a place that allows you to rent out your home as an Airbnb if you choose to do so. Now, let's dive into the top 5 reasons why living in a place that allows short term rentals could be the perfect fit for you.

1. Travel the world without the constraints of having to pay for rent and a hotel

By having the flexibility of renting out your home while you travel or live abroad for the summer, short term rentals give you flexibility without you having to give up your space entirely. If you want to visit a friend in Amsterdam for two weeks but are flexible about timing, list your place on Airbnb and plan your travel around the time someone books your apartment to stay. That way, someone is paying you while you travel, you might even make money from your holiday! If you do not want the hassle or are too busy, partner NextNest. We will handle everything for you so all you need to do is to hand over your keys before you fly!

2. Unlock Additional Income Streams

Why limit your apartment's potential to just being a place of residence? By embracing short term rentals, you have the opportunity to leverage your space for extra income when you're not utilizing it. Whether you travel for work or pleasure, renting out your apartment can turn into a lucrative side hustle.

3. Experience Variety

Living in an apartment that allows short term rentals exposes you to a diverse range of people and cultures. Imagine waking up to new neighbors each month, each bringing a unique perspective to your living experience. Embrace diversity and expand your horizons without leaving the comfort of your home.

4. Convenience at Every Turn

Short term rentals often come fully furnished, which means you can move in hassle-free with just your essentials. Forget the stress of setting up internet or dealing with furniture deliveries. With everything set up, you can focus on enjoying your new space immediately.

5. Test Drive Different Areas

Considering a permanent move but unsure about the neighborhood? Short term rentals allow you to test the waters before making a long-term commitment. Live in various areas of Toronto to find the best fit for your lifestyle preferences. It's like a trial period for your future home!

Excited about the possibilities a short term rental apartment can offer? Embrace the flexibility, variety, and convenience that this living arrangement brings. Experience Toronto in a whole new light, one short-term rental at a time. Cheers to new beginnings and endless opportunities in the vibrant city of Toronto!