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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Regular upkeep and prompt repairs to ensure the property remains in excellent condition for guests and minimizes potential issues.
A bathroom that contains only a toilet and a sink, also known as a powder room or guest bathroom. Important for guests…
The organic promotion of a short-term rental business through positive guest reviews, recommendations, and referrals, leveraging guest satisfaction to drive future bookings.
Established benchmarks and guidelines for service, cleanliness, and overall quality in the hospitality industry, often applied to short-term rentals.