A financial metric used to evaluate the profitability of a rental property, calculated as the annual pre-tax cash flow divided by the total cash invested.
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Detailed guidelines and procedures for cleaning and sanitizing short-term rentals between guest stays to ensure a safe and hygienic environment.
A contract that provides coverage for repairs or replacements of appliances in a short-term rental property, protecting hosts from unexpected expenses.
Local regulations or HOA rules that restrict the maximum number of guests allowed to stay overnight in a short-term rental property.
The process of verifying the identity and assessing the suitability of potential guests before confirming their booking for a short-term rental property.