What consolidation, national operators, OTAs, and Is the Short-Term Rental Industry Losing Its Local Roots? professionalization mean for owners, guests, managers, and communities. The short-term rental industry did not start as a corporate lodging product. It started much more personally than that. A second-home owner rented out a beach house. A family opened their mountain cabin to guests. A local manager helped neighbors rent homes in a seasonal market. A guest wanted more