A situation in the short-term rental market where the number of available listings decreases, potentially leading to increased competition and higher prices.
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Setting a minimum stay requirement of two nights for bookings, often implemented during peak seasons or for operational efficiency.
A dedicated website for the rental property that allows guests to book directly with the host, bypassing third-party platforms and their fees.
A designated savings account where a portion of rental income is set aside to cover future property maintenance and repair expenses.
The practice of adjusting rental prices based on factors like demand, seasonality, and competition to maximize revenue.