The strategy of generating income from multiple sources within a short-term rental business, such as offering additional services like cleaning, tours, or experiences.
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Prioritizing guest safety and security by implementing measures such as smoke detectors, carbon monoxide alarms, first aid kits, and clear emergency procedures.
The mathematical formula used to determine the dwell ratio, dividing the average property purchase price by the average annual rental income.
An arrangement where the revenue generated from a short-term rental is divided fairly between the property owner and the property manager or…
The terms and conditions that dictate the refund amount a guest receives if they cancel their booking, ranging from flexible to strict.