Investors love short-term rentals, but they face pitfalls with property management and regulation.
Rove, a marketplace and property-management startup, helps investors underwrite short-term rentals.
Jonah Hanig, the CEO of Rove, walked Insider through the pitch deck Rove used to raise $4 million.
"In Park City, Utah, there are roughly 500 properties for sale, but only approximately 100 are in areas where you can use them as short-term rentals," Hanig told Insider.
The ultimate goal is to create "Zillow" for short-term rentals with the added feature of underwritng and valuing properties based on their potential incomes.