Refers to the financial rewards and benefits associated with owning and renting out a successful vacation rental property. This can include rental income, property appreciation, and tax advantages.
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Glossary Term: Passive Income
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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.
This Swedish term translates to ‘occupational pension.’ While not directly related to short-term rentals, it highlights the potential for hosts to generate income that contributes to their retirement savings.
A fully furnished and equipped short-term rental that is ready for immediate occupancy by guests, requiring minimal setup from the host.
Real estate purchased with the primary intention of generating income, such as through renting on platforms like Airbnb and VRBO, rather than for personal use.
The practice of leveraging underutilized assets, such as a spare room or an entire property, to generate income through short-term rentals.
Real estate purchased or utilized specifically for the purpose of generating rental income, including short-term rentals listed on platforms like Airbnb and VRBO.
Refers to using rental income from platforms like Airbnb and VRBO to finance travel expenses for personal trips and vacations.
A comprehensive property management approach where a company or individual handles all aspects of a short-term rental, from listing and marketing to guest communication, cleaning, and maintenance.