The process of comparing key performance indicators (KPIs) of a short-term rental business, such as occupancy rates and revenue, from one year to the previous year to track progress and identify areas for improvement.
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A governing body in some residential communities that may have specific rules and restrictions regarding short-term rentals, often requiring host compliance.
A hypothetical technology that monitors noise levels in short-term rentals, helping hosts enforce house rules and address potential disturbances.
A system that allows guests to access the property without a physical key, using methods like keypads, smart locks, or mobile apps.
Utilizing property management software or tools to generate timely and accurate financial reports, tracking income, expenses, and overall profitability.