The process of identifying and evaluating potential risks associated with owning and operating a short-term rental, including property damage, liability claims, legal disputes, and market fluctuations.
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The act of leaving feedback and ratings about a vacation rental experience, influencing the property’s reputation and future bookings.
Implementing a dynamic pricing approach that adjusts rental rates across all booking platforms based on factors like demand, seasonality, and competitor pricing.
Upgrades or renovations made to a short-term rental property based on feedback, suggestions, or common requests from previous guests.
Diversifying income beyond nightly rentals, like offering experiences, early check-in/late check-out, or local partnerships.