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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 .
On March 18, 2015, Snyder signed an executive order to form the Michigan Agency for Energy with in LARA in 60 days. [7] On January 17, 2013, Governor Snyder ordered that the Office of Financial and Insurance Regulation be transferred out of the department to form a new Michigan Department of Insurance and Financial Services effective March 19 ...
Opinion: Increased tourism in Michigan's capital city sparks creativity in lodging options. Local officials want to control how it's managed
This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
Springfield began regulating vacation rentals like Airbnb and Vrbo in 2019 and recently began enforcing the rules and tracking unlicensed properties.
Michael Jordan's former mansion is now available to rent on a short-term lease, with a month-long stay at $230,000. NBC Universal 19 days ago U.S. homebuilders raise alarm over tariffs as ...
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