A property specifically designed and constructed for the purpose of short-term rentals, often featuring multiple units or amenities tailored to transient guests.
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Glossary Term: Investment Property
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Earnings generated from a short-term rental property with minimal effort or active involvement from the host, typically through automated systems and outsourced management.
Earnings generated from a short-term rental property with minimal effort or time investment from the owner, often achieved through property management services.
The estimated market worth of a short-term rental property, influenced by factors like location, condition, amenities, and rental income potential.
The attractiveness of Omaha’s real estate market for purchasing properties specifically for short-term rental purposes, considering factors like ROI and occupancy rates.
Refers to a short-term rental property that, while perhaps needing some improvements or updates, has the potential to be highly successful due to its location, size, or other desirable features.
In the context of real estate and property management, oilability refers to the ease with which a property can be rented out or sold. A highly oilable property is one that is in high demand and can be easily rented or sold.
A financial metric calculated by dividing the annual rental income after expenses by the total property investment, indicating the profitability of a rental.
A building structure with multiple separate housing units, each with its own entrance, kitchen, and bathroom, which can be used for short-term rentals.
A potential tax deduction available to homeowners who rent out their property, allowing them to deduct mortgage interest paid on their taxes.
A legal arrangement where two or more individuals or entities share ownership of a property used for short-term rentals, outlining responsibilities and profit sharing.
The practice of leveraging underutilized assets, such as a spare room or an entire property, to generate income through short-term rentals.