The original cost of an asset, such as a property, used to calculate capital gains or losses for tax purposes. Important for hosts to track for financial management and tax reporting.
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A refundable fee collected from guests before their stay to cover potential damages to the property beyond normal wear and tear.
Specialized insurance policies designed to cover liabilities and potential damages associated with hosting short-term rentals, beyond traditional homeowner’s insurance.
The terms and conditions that dictate the refundability and penalties associated with canceling a confirmed booking.
An approach to interior design and property layout that prioritizes the comfort, convenience, and overall experience of the guest.