Researching and analyzing rental rates for comparable properties in the same location and with similar amenities to determine a competitive price point.
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The process of verifying the identity and assessing the suitability of potential guests before confirming their booking for a short-term rental property.
The original cost of an asset, such as a property, used to calculate capital gains or losses for tax purposes. Important for…
Software that uses data analysis and algorithms to optimize pricing strategies, forecast demand, and maximize rental income for short-term rentals.
A situation where a short-term rental property’s pricing is not dynamically adjusted based on factors like demand, seasonality, and competitor pricing.