Understanding and adhering to local laws, regulations, and licensing requirements related to short-term rental operations. This may include obtaining permits, registering with local authorities, collecting occupancy taxes, and complying with safety standards.
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A trade association representing the timeshare and resort development industry, providing advocacy, education, and networking opportunities to its members.
Income generated from renting out a property on a short-term basis through platforms like Airbnb or VRBO.
Ensuring the cleanliness and proper upkeep of a short-term rental property between guest stays, often outsourced to professional services.
A legally binding contract outlining the responsibilities and obligations of both the property owner and the property manager.