Short term (STR) or Airbnb or VRBO or Vacation Rentals are all the same.  People use different terms to describe properties that are rented for terms of 30 days or less.

Most local governments require special permits to operate rentals of less than 30 days.  Rentals that are longer particularly t months or longer are called Long term rentals.

Short term rentals have always been around but in the last few years they have become very popular as a way to earn money on a second home/vacation property.

These properties are usually single family houses, condos, townhomes and small muilti-family e.g. duplexes.  The properties are furnished and decorated to suit the location.

Typically income is earned when a “guest” contacts the host often through Airbnb or VRBO and requests a night.  They pay on line and the entire process is automated..

The “hosts” or property managers/owners insure the property is clean and maintained. Guests arrive and leave comments upon departure.  Having paid in advance funds are transferred to your bank account by the 3rd party or property manager.

If you manage your short term rental as a real business, profits will follow.

-William Anderson