The evolving preferences and behaviors of different generations when it comes to travel. Understanding generational travel trends helps short-term rental hosts cater to the specific needs and desires of each generation.
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A booking option offered to guests at a discounted price, typically requiring full payment upfront and non-refundable in case of cancellation.
The process of reporting income and expenses related to a short-term rental property on annual tax returns, complying with relevant tax regulations.
Actively seeking and responding to guest feedback, both positive and negative, is essential for improving your rental and attracting future guests.
The fees charged by a property management company for their services, typically calculated as a percentage of the rental income.