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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 .
New York City, Chicago and other cities have introduced restrictions on short-term rentals, though regulation is not always strictly enforced. [15] The City of Portland, for example, does not allow rentals of less than 30 days in residential zones but according to local vacation property managers such as Vacasa, the average guest stays 3-10 nights.
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The website soon became popular with homeowners that wanted to list their properties for short term rental. [2] [3] By 2006, VRBO had over 65,000 rental listings [4] and was adding 100 new listings per day. [3] VRBO originally had a subscription business model in which payment of an annual fee allowed homeowners to list their properties on the ...
In its latest S-1 filing from November, the company revealed that by the end of September 2024, Turo hosts had earned $4.8 billion from rentals and that there were 350,000 vehicles available for ...
Rome: Short-term rental sites are required to withhold a 21% rental income tax. [21] Venice: Hosts must collect and remit tourist taxes. [22] [23] Vienna: Short-term rentals are banned in specific "residential zones" within the city, with the exemption of apartments used primarily for the host's own residential needs. [24]
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