An inquiry from a potential guest to receive a personalized price quote for their desired stay dates at a short-term rental.
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Glossary Term: Rental Rates
8 posts
A software solution used by property managers or hosts to automatically generate rental quotes based on factors like seasonality, demand, length of stay, and property attributes.
The prevailing rental rate for similar properties in the same market area, used as a benchmark for setting competitive pricing.
Researching and analyzing rental rates for comparable properties in the same location and with similar amenities to determine a competitive price point.
A plan for setting competitive and profitable rental rates for a short-term rental property based on factors like seasonality, demand, and competition.
The estimated price a property would sell for in a competitive and fair market. Important for setting rental rates and determining property value.
The practice of analyzing similar short-term rental properties in the same market to determine competitive pricing and assess the value of a host’s property.
Setting rental rates and other costs associated with short-term rentals in Djiboutian Francs (DJF), considering local market conditions and currency fluctuations.