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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
New York City, Chicago and other cities have introduced restrictions on short-term rentals, though regulation is not always strictly enforced. [15] The City of Portland, for example, does not allow rentals of less than 30 days in residential zones but according to local vacation property managers such as Vacasa , the average guest stays 3-10 ...
Domio was founded in June 2016 and launched in August 2016 by Jay Roberts and Adrian Lam, both former real estate investment bankers at BofA Securities. [3] [9] [10] [11]In October 2018, Domio raised a $12 million Series A round from Tribeca Venture Partners and SoftBank Capital.
SRO units are the least expensive form of non-subsidized rental housing, with median rents even in New York City ranging from $450 to $705 per month. [7]: 117 SROs may constitute a form of affordable housing, in some cases for formerly or otherwise homeless individuals. [8] The term is primarily used in Canada and US.
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator, and other kitchen facilities, upholstered chairs, a television, and en-suite bathrooms.
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