A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
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Implementing security features like outdoor lighting, security cameras, and fences to enhance the safety of short-term rental properties.
Engaging in local Neighborhood Watch programs to enhance security and foster a sense of community around the rental property.
Fluctuations in the demand for short-term rentals throughout the year, influenced by factors like holidays, school breaks, weather patterns, and local events.
Proactive monitoring and management of online reviews and ratings across multiple platforms to maintain a positive brand image.