In recent years, remote working or going freelance have been on an increase. It’s a great choice for professionals who want to have freedom and flexibility in when and where they do their jobs. As a result, there are new living arrangements available for digital nomads, and monthly rentals is one of the best solutions. Here’s why.
How do monthly rentals work?
Monthly rentals are the much-needed middle option between the usual short-term holiday lets and traditional long-term property leases. These are flats or houses rented out by property owners, who expect you to live there for at least a month. The fee typically includes utilities, internet, and other basic amenities.
Although the usual holiday accommodation platforms have the options to book a month, the bookings are primarily aimed at short-term stays, which is also reflected in their price. Dedicated platforms for monthly rentals work in the exact same principle, but catering to digital nomads and their unique needs specifically. They ensure that only verified properties are listed on their sites and handle all transactions for you, for a hassle-free experience.
Freedom to move
Monthly rentals provide an incredible flexibility to move around and live in various different destinations. They give you enough time to explore the new place, without having to commit to a 6-12 month lease and all the hassle that comes with it. A month is the perfect time for digital nomads, considering that you have to do your day job in between explorations. It is also a chance to experience living somewhere, before committing to it full-time.
Market testing
Entrepreneurs who have plans to expand into new markets can temporarily move to them and work from the inside. It is a great way to assess customer behaviour and market potential in new locations, without all the financial risks that come with a long-term commitment. You can conduct local focus groups, meet up with potential clients or partners, and get to know local competition personally.
Professional networking
Living in monthly rentals offers great networking possibilities for digital nomads. These kinds of living arrangements attract many like-minded individuals, and many properties have shared social spaces where you can meet them. Outside your rental, you may also visit coworking spots or networking events in different cities to expand your horizons. Putting effort into meeting new people can lead to amazing business opportunities as well as friendships for life.
Financial benefits
Monthly rentals are usually more cost-effective than other types of rentals. They are significantly cheaper than short-term accommodation options, like hotels or B&B’s, since the owners do not have to worry about regular cleaning and other services. Although they may be more expensive than long-term contracts, you do not have to worry about furnishings, utilities, deposits, and other costly hassles.
Work-ready spaces
Dedicated monthly rental platforms are aimed at digital nomads, which is why the majority of properties here are work-ready. This means that you can expect your rental to have a workspace in place as well as high-speed internet. Some properties even have access to shared co-working spaces and meeting rooms if needed. This is something that can be very hit-or-miss with typical holiday rentals, since their guests do not require reliable internet quite as much as working professionals.
Conclusion
All in all, if you work remotely and enjoy seeing new places or meeting new people, then monthly rentals are an ideal solution for you, offering freedom and flexibility like never before!
