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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
Extended Stay America was founded on January 9, 1995 in Fort Lauderdale, Florida by George D. Johnson, Jr. and Wayne Huizenga, both former executives from Viacom and its subsidiary Blockbuster LLC. [2]
In the spring, short-term rental rates average up to $278 a day on Hilton Head Island, according to AirDNA. Though property owners might not make as much money per day for a long-term rental ...
Us Weekly 22 days ago O.J. Simpson’s Estate Sues His Son Justin Over House: Everything to Know ... Mom of 5 Reveals Steep Rent for N.Y.C. Apartment She Uses for 'Storage' — Despite Having $12K ...
Kyle Jackson, of Hart Close, Wilton, Wiltshire, repeatedly advertised his flat online and arranged viewings over the past year, before requesting payment of about £1,200 for the deposit and the ...
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