The percentage of time a short-term rental property is booked and occupied by paying guests over a specific period, indicating the property’s success and profitability.
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Providing a welcome packet with essential information, such as Wi-Fi passwords, house rules, and local recommendations, enhances the guest experience.
A physical visit to a potential rental property to assess its condition, suitability, and compliance with safety and regulatory standards.
The amount of time between when a guest makes a reservation and the actual check-in date. Understanding booking lead time helps hosts…
The phase in a property’s lifecycle where rental income is stable, occupancy rates are consistent, and the focus shifts to maximizing profitability…