How do you choose between renting out your property for short-term, mid-term, or long-term rental?

Are you looking to delve into the world of property rentals but find yourself uncertain about the best approach? Understanding the differences between short, mid, and long-term rentals is key to making informed decisions that align with your goals. However, in today’s dynamic real estate landscape, a new concept called flexi-letting has emerged, offering a unique blend of flexibility and stability.

Explore the distinct characteristics of short, mid, and long-term rentals, and uncover how flexi-letting can revolutionize your rental strategy by enabling property owners to enjoy the benefits of both short and long-term arrangements.

Short-Term Rentals

Short-term rentals are often the most flexible of strategies you can apply to your investment property, allowing you to define how often your home is available for throughout the year. This is the most common strategy used for investors who still wish to make use of their property as a holiday home for family and friends. Another desirable benefit of short-term rentals is that the rates you set are often much higher than that of a traditional long-term rental, due to seasonality and market demand, but does come with less security than long-term rental. In addition, with more frequent turnover, short-term rentals may require more regular maintenance and cleaning services. It’s essential to have reliable resources in place to ensure the property is well-maintained.

Short-term letting is an excellent strategy to consider, particularly if you own a property in a picturesque location with a thriving tourist influx. It’s ideal if you only plan to use your home occasionally throughout the year or if it’s an investment property where you aim to optimize returns.

It is important to note that NSW has a compulsory STRA registration and increased fire compliance requirements including evacuation diagrams, interconnected smoke alarms along with fire blankets and fire extinguishers for apartments.

Mid-Term Rentals

Mid-term rentals refer to rental stays lasting longer than three weeks but less than 90 days. Generally, they are characterised by the lack of a formal lease agreement, and a reduced nightly rate compared to short-term rentals for the security of length of stay.

Often mid-term rentals are well-suited for properties within a strata development subject to building and minimum night stay restrictions, often around 90 nights. Opting for mid-term letting can provide owners with greater peace of mind, especially if they prefer hosting one or two trusted guests instead of multiple visitors frequently coming and going from their primary residence. Additionally, seasonal pricing advantages can help increase annual rental income, potentially outperforming or matching returns from a conventional annual lease.

Compulsory STRA registration and increased fire compliance requirements also apply for mid-term rentals.

Long-Term Rentals

Long-term letting represents a conventional method for renting out your property, ensuring a consistent income stream from reliable tenants. These types of agreements are managed traditionally by Real Estate Property Managers and are designed for longer commitments anywhere from 6-12+ months.

In most instances long-term rentals come unfurnished, whilst short and mid-term rentals typically come furnished.


Flexi-letting allows you to blend short-term, mid-term, and long-term stays, maximizing rental revenue for your property.

Depending on market conditions, we seamlessly transition between short-term and mid-term rental arrangements. For example, during the winter months, it is common to see a lower rate of occupancy across short-term rentals that are situated by the beach. If a property is not seeing many forward bookings come through the pipeline then we may switch this property to a mid-term rental, finding a longer-term tenant that may wish to rent the property for a period of up to 6 months. This will provide secure returns to investors during the off-season, whilst allowing us to take advantage of peak-season rates and higher demand during the summer months.