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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A legal contract outlining the terms of service and responsibilities between a property owner and a professional short-term rental management company.
A type of psychotherapy that focuses on identifying and changing negative thought patterns and behaviors. While not directly related to short-term rental…
In the context of short-term rentals, this refers to periods when a property is vacant and not generating revenue between bookings.
Dividing the target audience for a short-term rental into smaller groups based on demographics, travel preferences, or booking behavior.