What Is A Short-Term Rental?

A short-term rental is a furnished living space that is available for a short period. It can be anything from a few days up to several weeks. These short-term rentals, also known as vacation rentals, are an alternative to hotels.

People who have a vacation home or second home can make an income by renting their property out when they aren't there. Short-term rentals are often used by vacationers. Stays can vary from a few days to several weeks. You can also get the best information about the short term rental protection service through various online sites.

Short-Term Vacation Rental Insurance

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A short-term rental is anything less than six months. The rise in popularity of sharing economy companies like Airbnb over the past 10 years has been remarkable. 

Short-term rentals are so common that many companies offer employees the opportunity to claim their expenses just like a hotel stay. Homeowners opt for a short-term rental strategy because of their income potential, flexibility, tax benefits, and marketing automation.  

A short-term rental is more flexible than long-term leasing and tenants and allows the homeowner to live in the house. However, short-term rentals can have their drawbacks. The property must be kept in a clean and tidy condition by the owners. The season can play a role in the rental's demand. 

What length of stay can you have in a short-term rental property? Every city has its own rules. Some cities have restrictions on how long you can stay in a short-term rental. Others allow for stays up to several months. It all depends on the property.