Real estate purchased with the primary intention of generating income, such as through renting on platforms like Airbnb and VRBO, rather than for personal use.
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Feedback and ratings provided by hosts about their experience with guests after their stay, promoting responsible guest behavior and accountability.
Actively monitoring and responding to guest reviews, using feedback to improve the rental experience and address any issues promptly.
Researching and understanding the local short-term rental market, including competitor pricing, demand trends, and seasonality.
A legally binding contract between the host and guest outlining the terms and conditions of the short-term rental.