What is str in real estate?

In real estate, STR stands for Short-Term Rental. This refers to any property that is rented out for a short duration, typically less than 30 days at a time. STR properties are commonly found on platforms such as Airbnb, VRBO, and Booking.com, and are popular among travelers looking for a more flexible and unique accommodation option.

Many property owners choose to convert their properties into STRs as a way to generate additional income, especially in popular tourist destinations or areas with high demand for short-term rentals. However, operating a STR property comes with its own set of challenges, including managing bookings, ensuring compliance with local regulations, and maintaining the property to a high standard for guests.

Overall, the short-term rental market has grown significantly in recent years, offering both property owners and guests a convenient and customizable option for accommodation.