Whether you’re new to short-term rentals or an old hand, you can improve your experience by following these tips.
For a twist on your next vacation, swap an ordinary hotel room for a rustic cottage along the banks of a secluded river, a tree house nestled at the summit of a volcano or an open-air villa on a private beach. Websites offering short-term rentals put homes all over the world up for grabs, meaning you can access creature comforts while in unfamiliar territory, experience life as a local or spend a few nights enjoying luxurious amenities—such as an infinity pool overlooking the ocean—that would normally appear out of reach. Because home rentals are scattered throughout residential areas, the sites can also be your only source of accommodations if you want to stay in the suburbs, sleep in a quiet neighborhood away from tourist zones or test-drive a retirement location.
The two big names in short-term rentals are Airbnb, which lists more than 5 million properties worldwide, and HomeAway, which offers more than 2 million. (VRBO is owned by HomeAway and shares the same inventory.) Airbnb tends to pop up more often in urban areas and, unlike HomeAway, gives the option of bunking down in a private guest room (or even a shared room) while sharing common areas with the host. HomeAway is more popular in rural or traditional vacation-rental spots. But search both sites to cover your bases, as well as a number of other “alternative accommodations” websites for the full array of options (see the box on page 68).
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
FREE HELP FOR COLLEGEBOUND STUDENTS
This program’s mentors assist applicants as they fill out the FAFSA, write essays and more.
WHAT YOU SHOULD KNOW ABOUT SPOUSAL IRAS
You typically need earned income to contribute to an individual retirement account, but a spousal IRA provides an important exception to this rule.
SELLING SHARES? HERE'S HOW TO MINIMIZE TAXES ON YOUR GAINS
ET'S say you've been regularly buying shares in a booming tech company over the past few years, but now you want to start taking some of those profits, perhaps to rebalance your portfolio.
Strategies for Novice Investors
AS part of a lifes kills program for young, single mothers, I was asked to teach a class on how to get on top of your finances.
ANSWERS TO YOUR 529 PLAN QUESTIONS
Thanks to recent policy changes, families have more options for what to do with money sitting in these tax-advantaged accounts.
Rate-Cut Winners and Losers
NOW that the Federal Reserve has cracked the interest rate ice, the next development will be to separate winners from losers.
SHOULD YOU BUY THESE RED-HOT FUNDS?
Covered-call ETFs are popular but come with plenty of caveats.
DIVIDEND STOCKS ARE READY TO REBOUND
Our favorite dividend payers are poised to benefit as falling interest rates lure investors back.
IS A 55+ COMMUNITY RIGHT FOR YOU?
These age-restricted developments appeal to older adults seeking abundant amenities and an active lifestyle.
AT LONG LAST, RATES ARE DROPPING
Consider these portfolio moves now that the Federal Reserve has cut its benchmark interest rate.