When two or more individuals or entities share ownership of a short-term rental property and collaborate on its management and hosting responsibilities.
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Glossary Term: Investment Property
40 posts
Real estate purchased or utilized specifically for the purpose of generating rental income, including short-term rentals listed on platforms like Airbnb and VRBO.
The practice of using market data, rental analytics, and pricing tools to estimate the potential profitability of a short-term rental property.
Refers to properties with multiple units rented out individually, such as apartment buildings or condominiums, often managed by a single host or property manager.
A potential tax deduction for homeowners who rent out their property, allowing them to deduct mortgage interest paid on the portion of the property used for rental purposes.
A metric used to evaluate the profitability of a rental property, calculated by dividing the annual rental income by the property’s purchase price or market value.
A model where multiple individuals or entities share ownership of a vacation property, each owning a percentage and having access for a specific period.
Evaluating the financial viability of a property as a short-term rental investment, considering factors like occupancy rates, expenses, and potential income.
Ownership structures where multiple investors share ownership of a property and divide usage rights or rental income.
The estimated price a property would sell for in a competitive and fair market. Important for setting rental rates and determining property value.
A model where multiple investors share ownership of a vacation property, typically a high-end condo or villa, and receive usage rights for a portion of the year.
A type of residential building divided into two separate living units, each with its own entrance, kitchen, and bathroom.