Expenses that remain relatively constant regardless of occupancy rates, such as mortgages, property taxes, and insurance. Understanding fixed costs helps hosts determine profitability.
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A price reduction offered to guests who book a short-term rental for a longer duration, typically a week or more.
A pricing strategy where hosts offer reduced rates for guests who book longer stays, incentivizing extended bookings.
The practice of listing a short-term rental property on multiple online travel agencies (OTAs) and platforms to reach a wider audience.
Property management companies specializing in short-term rentals, handling tasks like listing optimization, guest communication, cleaning, and maintenance.