The system by which short-term rental platforms and property managers handle secure financial transactions between guests and hosts, including booking payments, security deposits, and any additional fees.
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Legal principles and cases concerning the government’s power to seize private property, including short-term rentals, for public use with just compensation.
The process of tracking and analyzing income generated from short-term rentals, factoring in occupancy rates, average daily rates, and expenses.
Refers to the business model of short-term rental management companies providing services directly to property owners, acting as intermediaries.
Regular upkeep and repairs to ensure the property remains in good condition, addressing issues promptly to prevent guest complaints and ensure safety.