The use of technology to automate and control various aspects of a short-term rental property, such as lighting, temperature, and security.
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Adhering to local regulations and remitting required taxes on short-term rental income, often involving registration, collection, and reporting obligations.
The process of determining the profitability of a short-term rental by subtracting expenses from revenue, expressed as a percentage.
A reservation made directly through a property manager’s own website or booking engine, bypassing third-party platforms like Airbnb or VRBO.
Connecting different software and tools, such as property management systems and channel managers, to streamline operations.