Short-term rentals can be lucrative for a property owner, but you should be aware of the potential risks. For example, the fast turnover rates may make it difficult for you to generate income consistently. You may also have to invest more time and resources to abide by the strict short-term rental regulations in your area. If you enter your investing venture with a solid plan, adequate knowledge, and a willingness to adapt, you may experience financial success. Having comprehensive vacation rental agreements with your guests can also promote a more seamless experience.