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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.
Short-term rental of all sorts of products (excluding real estate and holiday apartments) already represents an estimated €108 billion ($160 billion) annual market in Europe and is expected to grow further as the internet makes it easier to find specific items available for rent. [6]
When a long-term tenant rented out the Las Vegas house he was leasing on Airbnb, the homeowner was socked with over $180,000 in fines for dodging city laws on short-term rentals.
From stock market news to jobs and real estate, it can all be found here. ... four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes. 1. 2. 3. 4.
A boarding house is a house (frequently a family home) in which lodgers rent one or more rooms on a nightly basis and sometimes for extended periods of weeks, months, or years. The common parts of the house are maintained, and some services, such as laundry and cleaning, may be supplied.
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