A partnership between two or more parties to develop and operate a property specifically designed or optimized for short-term rentals, sharing risks and rewards.
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A guest who has completed a verification process on a platform like Airbnb or VRBO, typically involving providing identification and contact information,…
The percentage of time a short-term rental property is booked over a specific period. A high occupancy rate indicates strong demand and…
Using local, drought-tolerant plants in the short-term rental’s outdoor spaces to minimize water usage, reduce maintenance, and enhance the property’s aesthetic appeal.
A comprehensive plan for setting rental rates based on factors like demand, seasonality, competition, and property amenities to maximize occupancy and revenue.