Definition
A residential property rented for short periods (days to months) rather than long-term leases, often for business or vacation use.
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Short-term rentals include corporate housing, furnished apartments, vacation rentals, and extended-stay accommodations. Typically rented weeks or months to travelers and relocating professionals. Revenue exceeds long-term rentals but requires active management and marketing. Local regulations restrict short-term rentals in many jurisdictions. Insurance requirements differ from long-term rentals. Tax treatment as business income requires careful documentation. Property wear is accelerated with frequent guest turnover. Seasonal or market demand variations affect occupancy and income. Short-term rental properties appeal to investors in high-demand locations seeking premium rental rates.
Pro Tip
Research short-term rental regulations carefully; many cities have restrictions or outright bans.
Example
A short-term rental property was booked as corporate housing averaging $2,000 monthly on 3-month leases.