A metric used to measure the potential profitability of a short-term rental property, often calculated as the annual rental income divided by the property value.
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Byc-Yield Rate
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The practice of maintaining consistent pricing for vacation rentals across all online travel booking channels (OTAs) like Airbnb, VRBO, and Booking.com.
Providing high-quality complimentary food and beverage items, such as snacks, coffee, or local treats, to enhance the guest experience and create a…
Establishing clear and timely communication with guests throughout their stay, from booking confirmation to check-out instructions, to enhance their experience.
The recognition that building relationships with both guests and the local community is essential for long-term success in short-term rental management.