Quiz: Should You Convert Your Vacation Home to a Long-Term Rental?

Instructions: Choose the answer that best reflects your situation for each question. At the end, tally your points to find your result.

Each answer is worth:

• A = 1 point
• B = 2 points
• C = 3 points
• D = 4 points

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1. How often do you personally use your vacation home?
A) Every month
B) A few times a year
C) Rarely or not at all
D) I haven’t been in over a year

2. How reliable is your vacation rental income?
A) It’s consistent and profitable
B) It varies seasonally
C) It barely covers expenses
D) It’s been a loss lately

3. Are you tired of handling guest turnovers, reviews, and cleanings?
A) I love it – it’s part of the fun
B) It’s getting tedious
C) I outsource most of it
D) I don’t want to deal with it anymore

4. Have local regulations changed or become stricter for short-term rentals?
A) Not at all
B) A little
C) Quite a bit
D) I’m not sure

5. Would you like more predictable monthly income from your property?
A) No, I prefer flexibility
B) I’d consider it
C) Yes, absolutely
D) I need stability now more than ever

6. Do you currently experience vacancies or off-season slumps?
A) No – my place is booked year-round
B) Occasionally
C) Frequently
D) Yes, and I’m losing money

7. Would you prefer tenants who stay 6–12 months or longer?
A) Not really
B) Maybe
C) That sounds great
D) Yes – stability is key for me

8. How do you feel about guest damage and last-minute repairs?
A) It’s part of the business
B) It’s stressful
C) It’s too much for me
D) I’m over it

9. Would you like to speak with someone local who knows the market and can walk you through your options?
A) No, I’ve got it handled
B) Maybe
C) Yes, I could use a second opinion
D) Definitely – I want a human, not a hotline

10. If you could rent your home long-term and still cover all expenses (with profit), would you be interested?
A) Probably not
B) I’d need more info
C) Yes
D) Sign me up!

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 Score Breakdown:

Add up your total points (maximum = 40)

• 10–19 points: Keep it as a vacation rental… for now.
  You’re still enjoying the benefits, or it’s performing well for you. If anything changes, keep your long-term rental options open.
• 20–29 points: You’re on the fence – now might be the time to explore your options.
  Things are getting harder or less profitable, and you’re starting to wonder if it’s worth the effort. Let’s discuss how long-term rentals can provide you with peace of mind and a predictable income.
• 30–40 points: You’re ready for a change. Long-term rental may be your best move.
  You’re burnt out, underwhelmed by your returns, or frustrated by local changes. A long-term tenant and a professional property manager might be just what you need to simplify your life and improve your cash flow.

READ MORE:

• Own a Vacation Home in Orlando and Are Fed Up with Airbnb?
• Short-Term Rental vs Long-Term Rental: Key Insights for Property Owners
• Top 10 Things Renters Look For In A Rental Home
• How Much Should I Charge for Rent? Tips to Determine Rates
• How to Rent Out Your Vacation Home
• How To Be A Successful Long-Distance Landlord