With the rise of vacation rental sites, short-term rentals (rentals for less than 30 days) are a hot topic in Portland and throughout the world. Portland hosts headquarters for both Airbnb, and another up-and-coming juggernaut called Vacasa. Despite this, short-term rentals are a contested subject in the city. Many people, though, are still left wondering: “Can I turn my property into a short-term rental?”
Summer is always the busiest time in the rental business when it comes to leasing activities. It is when most leases expire and the most demand occurs. People tend to move in the summer when they have the time, energy, and favorable weather to do so. This is when rental prices will reach their seasonal peak. The Portland rental market is no different, but for years now we've seen rental prices increase even through slower seasons. This summer things changed.