What is a short-term rental?

Short-term rentals continue to grow as a topic of discussion, with platforms like Airbnb and VRBO joining the conversation in the past decade.

At Chalet, we are making owning an income-generating short-term rental possible for the everyday person. We want to make this dream a reality for all, not just those with money or years of experience investing. Although long-term rentals are another option that many homeowners pursue, this is not our focus.

Typically, a short-term rental is defined as a property that is rented for less than a month at a time and that is furnished with all the amenities for daily living. Think of STRs as an alternative to a hotel. Chalet’s favorite feature of STRs – is a good kitchen which you typically won’t find in hotels.

In the United States, STRs are regulated either via the state, county, city, or town level. We recommend researching regulations specific to the town or city you’re looking to invest in. It’s essential to understand these local regulations because they differ greatly from market to market and can make a huge impact on your ability to rent and generate income. At Chalet, we’ve found that understanding STR regulations is a critical first step when starting your investment journey. Thus, we’ve made it our mission to create town, city, and unincorporated county STR regulation guides. See our guides here.

Note that this is not legal advice and should be used only as a research tool. We always recommend checking directly with the local authority to fully understand their STR regulations.

Additionally, these are pre-sale research guides, which means we’ve curated this content to be short and concise to help position your understanding of the local STR market. We recommended using these guides as a first step to understanding if an investment market is right for you. We are also happy to set up a free consultation to answer any questions you might have while reading these guides or through your STR investment journey