Measures taken to verify the identity and legitimacy of potential guests before confirming their booking.
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Using software or tools to keep booking calendars updated in real-time across all platforms, preventing double-bookings and ensuring accuracy.
The process of tracking and analyzing income generated from short-term rentals, factoring in occupancy rates, average daily rates, and expenses.
A pricing strategy where hosts set their rates just below a significant price point to attract budget-conscious travelers.
The fluctuation of rental income throughout the year due to factors like holidays, local events, and travel seasons.