The expected deterioration of a rental property and its furnishings due to normal use by guests over time.
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The process of improving the exterior appearance of a short-term rental property to attract potential guests, including landscaping, exterior lighting, and general…
Establishing a system for collecting and analyzing guest feedback to identify areas for improvement and make necessary adjustments to the rental experience.
Value-added offerings provided by hosts or property managers to enhance the guest experience, such as airport transfers, grocery delivery, or local tour…
The estimated market value of a short-term rental property as determined by a qualified appraiser, often used for financing, insurance, or investment…