Specialized software or platforms designed to monitor and analyze key performance indicators (KPIs) relevant to short-term rental businesses, such as occupancy rate, average daily rate, and revenue per available rental.
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The consistent tracking of rental rates across multiple booking platforms (e.g., Airbnb, VRBO) on a weekly basis to ensure pricing consistency and…
Providing pet-friendly amenities like bowls, beds, toys, and waste bags to accommodate guests traveling with pets and enhance their experience.
The process of determining the profitability of a short-term rental by subtracting expenses from revenue, expressed as a percentage.
Knowledge and adherence to local regulations, licensing requirements, tax obligations, and safety standards governing short-term rentals in a particular jurisdiction, ensuring legal…