David wants to rent out his house, and he can list it as either a short-term vacation rental or yearlong lease. He lives in a quiet university town. Similar short-term rentals on the market average $120ight, and similar yearlong leases average $900/month. Based on the number of short-term rentals needed to match the revenue of a lease and the likelihood of finding enough renters, should David plan on short-term vacation renters or a long-term lease?

David wants to rent out his house, and he can list it as either a short-term vacation rental or yearlong lease. He lives in a quiet university town. Similar short-term rentals on the market average $120ight, and similar yearlong leases average $900/month. Based on the number of short-term rentals needed to match the revenue of a lease and the likelihood of finding enough renters, should David plan on short-term vacation renters or a long-term lease? David needs 8 short-term rentals monthly to match revenue from a lease. He can rent both ways because he is equally likely to get either type of renter. David needs 7-8 short-term rentals monthly to match revenue from a lease. The town attracts many vacationers, so he should plan on short-term rentals. David needs 8 short-term rentals yearly to make more than from a yearlong lease. He should plan on short-term rentals. David needs 7-8 short-term rentals monthly to match revenue from a lease. College students need long-term housing, so he should lease his home