The ratio of a building’s floor area to the total land area, which can impact regulations and restrictions for short-term rentals in certain areas.
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Glossary Term: Property Development
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Though not directly related to short-term rentals, understanding the historical context of land development, like the Oglethorpe Plan known for its grid system and green spaces, can be insightful when analyzing the layout and potential of your rental property.
Investing in a short-term rental property that requires renovation or redevelopment. This can be a higher-risk, higher-reward strategy compared to investing in a turnkey property.
The practice of repurposing existing buildings or spaces for short-term rental accommodations, often involving the renovation or conversion of older structures.