A calculation of profitability that factors in all revenue and expenses associated with a short-term rental property, including mortgage payments, utilities, cleaning fees, and platform fees, providing a more accurate picture of the investment’s financial performance.
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Evaluating the performance of cleaning staff, property managers, or virtual assistants based on their ability to handle guest requests efficiently and effectively.
The speed at which hosts respond to booking inquiries and guest messages, crucial for securing bookings and providing excellent customer service.
The practice of predicting future rental income based on historical data, market trends, and seasonal demand to optimize pricing and maximize revenue.
Employing creative and often unconventional marketing strategies to rapidly increase bookings and revenue for short-term rentals.