The short-term rental business is evolving. Driven by disruption that started with the COVID-19 pandemic, the vacation rental industry is simultaneously experiencing massive growth and rapid changes.

In our eight-page whitepaper, we explore one of the most significant changes — the shift to outsourcing operations and management of rentals from property owners to professional property managers and firms. The results of the research are clear. In addition to helping owners meet financial goals, navigate market turbulence, and increase efficiency, professional managers have a deeper understanding of regulations and higher rates of compliance.

Read The Professionalization of U.S. Short-Term Rentals to learn more about the changing landscape of vacation rental management. As regulations and taxes change with the industry, compliance will become more complicated. Tools like Avalara MyLodgeTax Pro can help automate compliance.