Methods employed to vet potential guests before confirming bookings, including verifying identities, reviewing guest profiles, and setting reservation requirements.
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A legal permit required by many local governments to operate a short-term rental business. Obtaining the necessary business licenses ensures compliance with…
The strategic approach of maximizing rental income by adjusting pricing, availability, and marketing efforts based on factors like demand and seasonality.
A formal agreement between two or more parties, such as a property manager and a local business, to collaborate on marketing efforts…
The prevailing rental rate for similar properties in the same market area, used as a benchmark for setting competitive pricing.