It’s a little counterintuitive, but this is another area where relatively lower rent may have the tendency to increase revenue.
One of your goals should be to find quality tenants that take care of your property and pay consistently.
Restrictions are in place which hold landlords accountable if tenants sublet short-term.
Whether it’s the lack of tenant screening, poor supervision, or overcrowding, short-term vacation rentals can greatly increase a landlord’s costs and liabilities. Prohibiting the practice may be the best strategy, and that should happen in the lease agreement.
If it’s been a while since you last updated your lease agreement, 2017 is a good time to do it.