The percentage of rental income charged by a property manager or platform for their services.
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Analyzing the profitability of short-term rentals beyond just revenue, factoring in expenses, occupancy rates, and guest lifetime value.
A legally binding agreement between a host and a guest outlining the terms and conditions of the short-term rental, including the rental…
The process of verifying guest identities and assessing their suitability as renters to mitigate potential risks.
Actively monitoring and responding to reviews on Yelp, addressing concerns, and leveraging positive feedback to enhance reputation and attract bookings.