A metric that measures the percentage of time a vacation rental property is booked over a specific period, indicating its occupancy performance.
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A booking arrangement where guests have sole access to the entire property without sharing with other guests or the host.
Comparable short-term rental properties in the same neighborhood, used to benchmark pricing, occupancy rates, and amenities.
Laws, ordinances, and guidelines governing short-term rentals in a specific location, addressing issues like permits and taxes.
Establishing systems and protocols for routine maintenance, repairs, and upkeep of the property to ensure guest satisfaction and prevent potential issues.