A term used to describe a contract that is very strong and difficult to break. Having an ironclad rental agreement is crucial for protecting both hosts and guests in the short-term rental industry.
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A reservation made directly through a host’s website or personal booking platform, bypassing third-party listing sites like Airbnb or VRBO.
The terms and conditions outlining the circumstances under which a host may cancel a confirmed booking, often with penalties for cancellations.
A pricing strategy that adjusts rental rates in real-time based on factors like demand, seasonality, and competitor pricing.
Maintaining a high standard of cleanliness and hygiene in a short-term rental property, often outsourced to specialized cleaning services.