revenue and short-term rentals

It is no surprise that when the market slows down, multifamily operators typically compensate with cost-cutting measures to bolster their margins. While cutting back and finding efficiencies can help companies stay profitable, the belt tightening may ultimately hurt owners both in the short and long run.

Short-term rentals for multifamily are proving to be resilient through the pandemic and beyond with revenue-share based models emerging as the best approach. And the demand for flexible, furnished rentals is accelerating, making STRs a must-have for many apartment operators.