Short-term rental
Renting a property for short stays, often under 30 days, through booking platforms. Income can be higher but costs vary more, and many cities restrict or license it.
Also called: STR, vacation rental, nightly rental
Related terms
Real estate bought to rent to tenants for income rather than to live in. Lenders, insurers and tax rules treat it differently from a primary residence.
Local rules that control how land can be used, such as residential, commercial or mixed use, plus limits on density, height and setbacks. Zoning affects what you can build or rent.
The organization that runs a condo, townhouse, or planned community. It collects dues, maintains common areas, and enforces rules that owners must follow.
A home you use part of the year in addition to your main residence. Lenders price it differently than a primary home or a rental and may limit renting it out.
The share of time or units a property sits empty and earns no rent. Investors budget a vacancy allowance, often 5% to 10%, when estimating income.