Definition
A property rented out for brief periods, such as vacation rentals, often through platforms like Airbnb.
What to consider
- Balance additional work with your primary job to avoid burnout.
- Keep a record of extra income for taxes.
- Plan your time so your side gig doesn’t overwhelm you.
Real world scenarios
- Felix rents out his cabin on weekends, enjoying higher nightly rates than a traditional year-long lease.
- When local events increase demand, Sandra’s short-term rental income spikes temporarily, helping her pay off home renovation costs faster.
- Hosting short-term guests, Martin invests in regular cleaning services and keyless entry systems to maintain a seamless experience.
Related terms
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