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If you have real estate in Budva, then renting it is a great way to earn extra income. And when it comes to renting out real estate in Montenegro, it is important to decide whether you will rent it out short-term or long-term. Both options have their benefits, and to help you decide which one to choose, in this article we will present the advantages of both in more detail.

Short-term real estate rental in Montenegro

Short-term rental of real estate most often refers to renting for a day, a week, or a maximum of a few months. This rental model has become especially popular with the development of platforms such as Airbnb and Booking. The advantages of short-term rental are:

• Seasonal pricing. If your real estate is located in Budva or somewhere else on the Montenegrin coast or in winter tourist centers such as Kolašin and Žabljak, you can set prices depending on the season. During June, July and August, when the summer season is at its peak, you can set higher prices compared to, for example, January and February. At the same time, rental prices for properties in the north will be higher in December, January and February, when the winter season is underway. So, you adjust prices depending on the season, different events and important events such as the Mimosa Festival in Herceg Novi, the Olive Festival in Bar, New Year's Eve or other similar events.

• Possibility of higher earnings. When you have a real estate in a good location, near interesting and important places in the city, such as the Old Town in Budva or the Sveti Stefan peninsula, it will be more attractive for rent, which also raises its price, so you will sometimes earn much more in one month than would be the case with long-term rentals.

Long-term rental of real estate in Montenegro

Long-term rental means that you rent out a real estate for a longer period, at least a year or more, and this is usually defined in a contract. The advantages of this type of rental are:

• Fixed monthly revenue. If you rent an apartment in Budva, one of the most popular locations in Montenegro, for a long period, it provides you with stable, higher income. And for more information about real estate in Budva, there is the Amfora real estate agency. This type of rental provides you with financial security because every month you receive a pre-agreed amount of money.

• Fewer worries and obligations. Unlike short-term rentals, when you are constantly thinking about whether to rent out your property, one month there may be guests, the next not, with long-term rentals you do not have such worries. Also, if you live somewhere outside Montenegro, and you have tenants who have been living in the property you are renting for a long time, you are not burdened with possible defects and repairs, painting or renovations.

No matter which option you choose, renting real estate in Montenegro is always more reliable through an agency. We know that good advice is welcome in situations like this, so contact Amfora real estate and let our agents point you in the right direction!