A metric used to measure the potential profitability of a short-term rental property, often calculated as the annual rental income divided by the property value.
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Byc-Yield Rate
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A feature on some platforms that allows guests to book a property instantly without waiting for host approval, often increasing booking rates.
Taxes levied on short-term rental income by local or state governments, often subject to specific regulations and collection methods.
Zillow’s estimated market value of a property, often used as a reference point by hosts to assess their rental income potential.
Addressing potential noise issues proactively by implementing house rules, soundproofing measures, and open communication with neighbors to ensure a peaceful environment for…