A term for a host who demonstrates flexibility and adjusts their strategies and operations in response to changing market conditions, guest preferences, or unexpected situations.
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The profitability of a short-term rental, calculated by subtracting expenses (cleaning, fees, etc.) from rental income.
Recurring patterns and shifts in the short-term rental market, such as peak travel seasons, emerging destinations, and evolving guest preferences.
An official document issued by local authorities granting permission to use a property for short-term rentals in compliance with zoning regulations.
Adhering to all relevant laws, regulations, and licensing requirements for operating a short-term rental in a specific jurisdiction.