Refers to the days or nights when a short-term rental property is vacant and not generating revenue. Minimizing void periods is crucial for maximizing occupancy rates and profitability.
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Void Periods
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Researching and understanding local market trends, competitor activity, and demand drivers to inform pricing, marketing, and investment decisions.
Local laws and guidelines that specifically address the use and rental of individual dwelling units within larger properties for short-term rental purposes.
Adhering to local regulations and remitting required taxes on short-term rental income, often involving registration, collection, and reporting obligations.
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