A metric used to evaluate the profitability of a rental property, calculated by dividing the annual rental income by the property’s purchase price or market value.
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A keyless entry system commonly used for short-term rentals, allowing hosts to remotely grant access to guests and improve security.
Emphasizes the importance of high-quality, visually appealing photographs in showcasing a rental property’s best features, attracting potential guests, and accurately setting expectations.
A document that outlines how a short-term rental host collects, uses, stores, and protects guest data, ensuring compliance with relevant privacy regulations.
A strategic gap intentionally left in the booking calendar to accommodate unforeseen circumstances, such as last-minute cancellations or cleaning delays.