A situation where the number of short-term rentals in a specific area exceeds guest demand, potentially impacting occupancy rates.
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The process of vetting potential guests before confirming bookings, using background checks, reviews, and communication to minimize risks.
The practice of predicting future demand for short-term rentals based on historical data, seasonal trends, and local events to optimize pricing and…
Refers to the days or nights when a short-term rental property is vacant and not generating revenue. Minimizing void periods is crucial…
Knowledge and adherence to local regulations, licensing requirements, tax obligations, and safety standards governing short-term rentals in a particular jurisdiction, ensuring legal…