Local government rules and ordinances that specifically apply to short-term rentals, often covering areas like licensing, permits, taxes, noise restrictions, and safety standards.
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The process of identifying and procuring high-end amenities and furnishings to elevate the guest experience and justify premium pricing.
A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
A digital wallet platform developed by Google that allows guests to make secure and contactless payments for their short-term rental bookings.
Additional items or services provided to guests to enhance their comfort and enjoyment, such as toiletries, Wi-Fi, parking, or breakfast.