Should I long term my Airbnb?

[Luis5705]

Hi all,

I'm a brand new host and just had my first guests tonight which also leave this coming Sunday. Today I received a message from an insurance adjuster asking if I would be willing to do a long term rental to one of their customer who happens to live in the area and their house is being reconstructed. I'm being told that it would be 3 months, but could extend to 4 - 6 months. What should I consider, what should I look for? My thought is that it's guaranteed money, but I've read in several places that short term is more profitable. The house is located an hour West of Chicago in a city that it's only touristic during summer. We have a huge sports complex that hosts soccer and lacrosse tournaments literally every weekend, a brand new hospital, a new Hard Rock casino that is opening during Labor Day weekend, and the house is two blocks away from a state park, but also 5 - 10 mins drive from these other places that were just mentioned.

[Mike-And-Jane0]

@Luis5705 Just looking at profitability then the decision depends on what the insurance company is willing to pay. If it is close to your short term rates then go for it. It certainly makes more sense in low season but as I say it just depends on what they are willing to pay.