A vacation rental that is booked for an extended period, typically 30 days or more, often with discounted rates and specific lease agreements.
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Glossary Term: Long-Term Rental
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A business model where individuals rent properties long-term and then sublet them as short-term rentals on platforms like Airbnb and VRBO, aiming to profit from the difference in rental rates.
A strategy where a property is listed on both short-term and long-term rental platforms to maximize occupancy and income potential.
A plan for transitioning a short-term rental property to a different use, such as long-term renting or selling, considering market conditions and financial goals.
The specified length of time for which a short-term rental agreement is valid, typically ranging from a few days to several months.