What is the future for short term rentals? Well it's developing into a business to consumer model instead of a consumer to consumer model.

Cities have been trying to regulate short term rentals so it is becoming difficult for unit owners to abide by the rules. First municipalities have been loosing on tax dollars. Then the short term rentals have brought nuisances in residential areas such as excessive partying, drugs, noise. Finally it depleted the yearly rental inventory.

On the other end, tourists seem to prefer bigger units, better value and the rental industry is growing rapidly. Last year, $2.4 billion dollars was spend on short term vacationing in the US only.

So what is the solution? Legally authorized and professionally managed short term properties. Platform like Yourent are creating a vacation rental industry by collaborating with large equity firms or investment groups who own thousands of units. They rent their inventory through master and long term leases. They then standardize a customer experience, furniture, rental procedures and replicate them to the entire portfolio.

If you are just looking for a bigger unit than a hotel room, then you will be pleased by this service, by the quality and standards of dealing with the same landlord. I personally experienced this same type of standardized short term rental last year in Portugal thru Airbnb where a company owned/managed/rented 10 or more units in the city so I was sure to find the same quality every time I come back even if it's not in the same unit.