The phase in a property’s lifecycle where rental income is stable, occupancy rates are consistent, and the focus shifts to maximizing profitability and efficiency.
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Glossary Term: VRBO
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The ability of different software systems used for short-term rental management, such as channel managers and accounting software, to communicate and share data.
The process of gathering and analyzing information about a specific short-term rental market, including competitor analysis, pricing trends, and guest preferences.
The process of booking a short-term rental directly through the property owner or manager, outside of online platforms like Airbnb or VRBO.
The highest amount of security deposit that a host can legally charge guests for potential damages to their short-term rental property.
The practice of advertising a short-term rental property on multiple booking platforms simultaneously, such as Airbnb, VRBO, Booking.com, and others, to expand reach and increase booking potential.
Additional charges that may apply to short-term rentals located on islands, often related to transportation, access, or local regulations.
Amenities and features that cater to the specific needs and preferences of Muslim travelers, such as prayer rugs, Qibla direction indicators, and halal food options.
The specialized market of buying, selling, and renting properties located on islands, often involving unique regulations and considerations.
A property listing for a short-term rental that is located on an island. This can be a desirable feature for guests looking for a secluded or unique vacation experience.
The process of addressing and resolving problems or disputes that may arise between hosts and guests during a short-term rental stay.