Should I Enter The Short Term Rental Industry Amid The COVID-19 Outbreak?

Let’s face it; it’s a slow season for the short term furnished rentals business. But that doesn’t mean that you abandon your dream of starting making your foray into the industry altogether. 

The COVID-19 outbreak has led to huge losses for the airlines and hospitality industry. With lockdowns being declared in a host of countries, travel for leisure doesn’t seem to be on anyone’s itinerary at least for a few weeks to say the least. 

In addition to this, the most popular online market places connecting hosts to guests, such as Airbnb, are offering full refunds on cancellations to guests, something that’s really harming the business interests of hosts and owners of short-term apartment rentals.

But every industry witnesses highs and lows so why should the STR business be any different? Getting into the business has proved to be extremely profitable for thousands of hosts and this slump shouldn’t de...