Describes the dynamic flow of income generated from various sources in short-term rental management, including nightly rates, cleaning fees, extra guest fees, and potential partnerships with local businesses.
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The thorough cleaning of a short-term rental property between guest stays. This typically includes laundry, sanitizing surfaces, restocking amenities, and preparing the…
Utilizing Internet of Things (IoT) devices, such as smart locks, security cameras, or motion sensors, to enhance the safety and security of…
The mathematical formula used to determine the dwell ratio, dividing the average property purchase price by the average annual rental income.
Choosing and maintaining appliances like refrigerators, dishwashers, and HVAC systems that operate with minimal noise disruption for guest comfort.