A financial metric used to evaluate the profitability of a rental property, calculated as the annual pre-tax cash flow divided by the total cash invested.
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Hiring revenue management companies or consultants to optimize pricing for short-term rentals based on market demand and other factors.
Implementing safety measures, such as smoke detectors, carbon monoxide detectors, and fire extinguishers, is paramount for guest well-being.
The approximate duration required to clean and prepare a short-term rental property for the next guest arrival.
A hypothetical mobile application designed specifically for guests staying in short-term rentals, offering features like booking management, local recommendations, and communication with…