Monthly vs Short-Term Rentals: 5 Compelling Reasons to Consider Monthly over Short Term 🌴

By Brad Greiner, CEO of Open Air Homes and OpenAiRE Brokerage

April 2, 2025

How Monthly Rentals Became a Key Part of Our Strategy at Open Air Homes 🏡

When I started Open Air Homes in Los Angeles, I quickly noticed a significant trend:

• Many entertainment industry professionals needed homes for extended stays of several months.
• Professional athletes frequently visited Southern California for 2-3 months during their off-season.

Recognizing this growing demand, we strategically began dedicating properties specifically to monthly rentals by 2017.

Initially, I transitioned my own three bungalows in Venice from short-term to monthly rentals. Honestly, I was nervous about potential decreases in occupancy and revenue:

• Pricing was reduced by about 20%.
• Surprisingly, occupancy rates rose dramatically, reaching around 90% consistently.
• My neighbors quickly noticed positive changes, appreciating guests who were more like residents rather than temporary visitors.

Choosing between monthly vs short-term rentals isn’t about completely dismissing short-term options—many homes still thrive on short-term stays. However, especially in Southern California, monthly rentals offer significant benefits that deserve consideration.

5 Reasons to Consider Monthly vs Short-Term Rentals 🌿

1. Stable, Reliable Occupancy

When comparing monthly vs short-term rentals, monthly stays often mean fewer gaps between bookings, resulting in higher overall occupancy.

2. Reduced Wear and Tear

With fewer turnovers, your property experiences less daily wear. Longer-term guests tend to care for the home more diligently, preserving your investment and minimizing maintenance costs.

3. Legal and Compliant

Monthly rentals (stays over 30 days) are considered long-term in California, eliminating the need for short-term rental permits. This helps you easily navigate increasingly strict local regulations.

4. Better Neighborhood Relations

Monthly rentals typically lead to improved neighborhood relations. Extended stays mean less frequent turnover, less noise, and fewer disturbances—easing tensions with neighbors sensitive to short-term guests.

5. Increasing Demand from Digital Nomads

A growing segment of financially independent professionals who primarily work online seeks comfortable homes with strong Wi-Fi for remote work. Monthly rentals cater perfectly to this expanding demographic.

Guiding Your Decision 🌵

At Open Air Homes, we understand that deciding between monthly vs short-term rentals requires a tailored approach. To identify the best strategy, we consider your:

• Personal goals and objectives
• Planned home usage
• Neighborhood dynamics and regulations
• Desired level of involvement and turnover frequency

Our dedicated team collaborates closely with homeowners to create a rental strategy aligning with your vision, maximizing your home’s potential. Whether your preference is for steady, long-term tenants or short-term flexibility, we are here to guide and support you.

Ultimately, the choice between monthly vs short-term rentals depends on your unique circumstances and goals. Let’s discuss your options together and determine the optimal strategy to achieve rental success. 🌴