A metric used by investors to assess the potential profitability of a short-term rental property, calculated by dividing the projected annual rental income by the monthly mortgage payment.
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The percentage of time a short-term rental is booked over a specific period, indicating the property’s popularity and revenue potential.
The specified duration for which a property management agreement or other related contract is valid and binding upon both parties.
The exchange of information, inquiries, and updates between guests and hosts throughout the booking process and duration of the stay.
Strategically placed lighting fixtures installed at floor level to provide ambient illumination, enhance safety, and create a cozy atmosphere.