There are 2 types of letting options available. Long Term Letting (more than 6 months) and Short Term Letting (1 day to under 6 months). Although Short Term Lets can be more lucrative on a daily basis, Long Term Leases may be more profitable annually as generally there are less vacant periods. With short term letting there are added and constant maintenance costs such as cleaning, bill payment, inventory checks charges etc. Long term letting provides a more reliable revenue stream and makes it easier to forecast income and plan more effectively.