A measure of the profitability of a rental property, calculated by dividing the annual net income by the total investment and expressing the result as a percentage.
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Promptly following up with potential guests after an inquiry or booking request to answer questions, confirm details, and secure the reservation.
Key performance indicators (KPIs) used to track the financial performance of a short-term rental, such as occupancy rate, average daily rate, and…
An online platform where individuals (guests) can rent short-term accommodations directly from other individuals (hosts), often featuring peer-to-peer communication and booking systems.
A contract that provides coverage for repairs or replacements of appliances in a short-term rental property, protecting hosts from unexpected expenses.