In the real estate world, several terms are commonly used by both seasoned and novice investors. As well as being beneficial for investors, these terms also help real estate professionals communicate effectively with one another. In this article, we’ll break down some of the most common terms used.
Rental Property
One of the most common terms used by investors is rental property. This type of property is a type of real estate that’s usually rented out. It can be either commercial or residential real estate.
Short-Term Rental and or a Vacation Rental
A short-term rental is a type of property that’s usually rented out for a specific period. This type of property can be a condominium or apartment.
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