The system of rules, regulations, and processes that govern the short-term rental industry, including platforms like Airbnb and VRBO.
Governance
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Emphasizes the convenient location of a short-term rental property, typically within walking distance or easy access to key attractions, transportation, or amenities.
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Adhering to all applicable laws, regulations, and licensing requirements related to short-term rentals, including zoning ordinances, tax obligations, and safety standards.