The percentage of booked nights in a short-term rental property during a specific quarter (every three months), calculated by dividing booked nights by total available nights.
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A legally binding contract between a property owner and a property manager outlining the terms of their business relationship.
Additional features and services offered to guests beyond the basic necessities of a short-term rental, such as a hot tub, bicycles, or…
A community-based crime prevention initiative where residents, including short-term rental hosts, work together to enhance safety and security in the area.
A strategy where an individual rents a property long-term and then sublets it on platforms like Airbnb or VRBO for a higher…