The definition of a short-term rental generally includes stays of less than a month (30 days). Unlike traditional long-term rentals that typically involve leases spanning several months or years, short-term rentals are usually available for shorter periods, ranging from a few days to a few weeks or months. In recent years, the rise of short-term rentals has transformed the way we travel, work, and play.

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These are the benefits short-term rentals foster:

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Cultivate economic growth.

When visitors choose to stay in short-term rentals, they often spend their money in nearby businesses such as restaurants, cafes, and local shops. This boosts the local economy and supports the growth of small businesses.

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Promote cultural exchange and diversity.

As visitors immerse themselves in the local community, they engage with the culture, interact with residents, and contribute to a more diverse and inclusive environment.

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Provide flexibility for remote workers.

Short-term rentals offer an ideal solution for remote workers, as they provide a flexible and conducive environment to work remotely while exploring new places. By staying in short-term rentals, remote workers can experience the benefits of a change of scenery, which can enhance creativity, productivity, and overall well-being.

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Neighborhood revitalization

Short-term rentals have the potential to revitalize neighborhoods by bringing new life to underutilized or vacant properties. This revitalization benefits not only the visitors but also the existing residents, who enjoy an upgraded neighborhood with improved services, amenities, and infrastructure.