A metric used to measure the percentage of time a short-term rental property is booked over a specific period, indicating the property’s popularity and potential revenue generation.
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Optional cleaning services offered to guests staying for an extended period, providing a refresh of the property and linens during their stay.
Rules and restrictions imposed by homeowner’s associations that may impact short-term rental operations, such as occupancy limits or rental restrictions.
Adhering to all local regulations, permits, and tax requirements related to short-term rentals to avoid legal issues and maintain a legitimate business.
A pricing strategy that adjusts rates during school breaks and holidays to capitalize on increased family travel demand, often resulting in higher…