The process of estimating future revenue and expenses for a short-term rental property, based on factors such as historical data, seasonality, and market trends.
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Refers to the accessibility features of New Jersey Transit (NJ Transit) for guests with disabilities staying in short-term rentals, impacting convenience and…
Expenses associated with owning and maintaining a property, including mortgage payments, property taxes, insurance, and utilities.
(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to…
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and revenue potential.