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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The shortest duration for which a host is willing to accept a booking for their short-term rental property.
The use of software or platforms to automate communication with guests, such as sending booking confirmations, check-in instructions, and post-stay messages.
The process of preparing a short-term rental property for the winter season, especially in colder climates, to prevent damage from freezing temperatures,…
The process of tracking, analyzing, and reporting on the financial performance of vacation rental properties. This includes generating income statements, balance sheets,…