What is an STR in Real Estate Investment?
In the world of real estate, new acronyms and terms constantly emerge, each representing a unique facet of the industry. One such term gaining significant traction is "STR," which stands for Short-Term Rental. We will go into the details of STRs, explaining what they are, how they work, their comparison with Long-Term Rentals (LTRs), and the potential benefits and challenges associated with them. Understanding Short-Term Rentals (STRs) A Short-Term Rental (STR) refers to a property that is rented out for a short duration, typically ranging from a single night to a few weeks. Unlike traditional long-term rentals, which involve leases…
