A pricing strategy where the cost of expenses like cleaning, utilities, and maintenance are calculated first. Then, the desired profit margin is added to determine the rental rate.
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The concept that hospitality principles like warmth, generosity, and guest satisfaction are fundamental truths in short-term rental management, essential for success on…
Choosing and implementing technology solutions (e.g., property management software) based on their ability to handle and streamline guest requests effectively.
Specialized software designed to help manage various aspects of short-term rentals, including bookings, guest communication, and finances.
Hiring revenue management companies or consultants to optimize pricing for short-term rentals based on market demand and other factors.