The process of finding and acquiring suitable properties to add to a vacation rental management portfolio.
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Glossary Term: Due Diligence
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A physical visit to a potential rental property to assess its condition, suitability, and compliance with safety and regulatory standards.
A property owner eager to sell quickly, potentially offering a discounted price, which could be an opportunity for investors looking to acquire short-term rentals.
An organized visit for potential investors or property managers to experience a short-term rental property firsthand, assess its condition, amenities, and neighborhood, and make informed decisions.