A realistic average daily rate that a short-term rental can achieve in a given market, considering factors like property size, amenities, location, and competition.
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The expected deterioration of a property due to regular use, distinguishing it from damage caused by guests, relevant for security deposits.
Hiring external cleaning companies or individuals to clean and maintain short-term rental properties between guest stays.
The practice of analyzing data and market trends to adjust pricing strategies and maximize revenue for short-term rentals.
A financial document provided by a property manager to the owner, outlining all income generated and expenses incurred for a specific period,…