A property that contains multiple individual rental units, such as an apartment building or a complex with multiple separate accommodations.
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Glossary Term: Investment Property
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Specific lending criteria and considerations for obtaining a mortgage on a property intended for use as a short-term rental.
A property that contains multiple individual rental units, such as an apartment complex, condo building, or several standalone cottages on a single property.
A fully furnished and equipped short-term rental property that is ready for immediate occupancy by guests, requiring minimal setup or management from the owner.
Purchasing properties in rural areas specifically for the purpose of short-term rentals, often driven by the potential for higher returns and lower property prices.
A measure of the profitability of a rental property, calculated as the annual rental income divided by the property value.
The estimated worth of a short-term rental property based on factors such as location, size, condition, amenities, and rental income potential.
Evaluating the financial performance of a short-term rental property, including occupancy rates, revenue, and expenses, to make informed business decisions.
A comprehensive approach to managing real estate assets, encompassing financial, operational, and strategic aspects, often used interchangeably with property management in the context of short-term rentals.
A legally binding contract between a buyer and a seller that outlines the terms and conditions for the purchase of a property, often used by investors looking to acquire properties specifically for short-term rentals.
A property specifically designed and constructed for the purpose of short-term rentals, often featuring multiple units or amenities tailored to transient guests.