A plan for transitioning a short-term rental property to a different use, such as long-term renting or selling, considering market conditions and financial goals.
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Exit Strategy
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A pricing strategy where hosts constantly adjust their rates up and down in response to competitor pricing and demand fluctuations.
The strategy of managing and synchronizing listings across multiple platforms like Airbnb, VRBO, Booking.com, and direct bookings to maximize exposure and bookings.
Implementing strategies to encourage guests to leave positive reviews on TripAdvisor, such as providing exceptional service, requesting feedback, and offering incentives.
The process of collecting and remitting occupancy taxes to local authorities as mandated by regulations for short-term rentals.