The practice of optimizing pricing, availability, and marketing strategies to maximize revenue generated from short-term rental properties.
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Online platforms or groups where short-term rental hosts and managers can connect, share advice, discuss industry trends, and seek support.
The upfront costs associated with acquiring and setting up a short-term rental property, including purchase price, renovations, furnishings, and initial marketing expenses.
Prompt and efficient communication with guests, answering inquiries and addressing concerns in a timely manner.
The process of identifying and procuring high-end amenities and furnishings to elevate the guest experience and justify premium pricing.