Refers to the physical equipment and fixtures in a short-term rental, such as door handles, locks, appliances, and plumbing fixtures.
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The profit earned from a short-term rental property after deducting all expenses, including cleaning fees, management fees, and platform fees.
A lease agreement where the tenant is responsible for paying property expenses like taxes, insurance, and maintenance in addition to rent.
The process of collecting and analyzing data related to occupancy rates, guest reviews, and market trends to optimize rental performance.
The shared responsibility of tracking income, expenses, and generating financial reports for a short-term rental, often facilitated by property management software or…