Staying informed about and adhering to local laws, regulations, and tax requirements related to short-term rental operations in a given area.
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Enhanced cleaning protocols implemented to ensure a higher standard of hygiene and sanitation, particularly important in light of health concerns.
Amenities and features that provide a sense of familiarity and comfort to guests, making them feel at ease in a new environment.
The difference between actual third-quarter performance metrics (e.g., revenue, occupancy) and the projected or budgeted figures, highlighting deviations from expectations.
A designated savings account where a portion of rental income is set aside to cover future property maintenance and repair expenses.