Major expenses related to acquiring or upgrading property assets, such as renovations, furniture replacements, or new appliances.
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Glossary Terms
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The process of automatically updating your rental calendar across multiple platforms (e.g., Airbnb, VRBO, direct bookings) to prevent double bookings.
A record of all communication between the host and the guest, including inquiries, booking confirmations, and post-stay messages.
A legally binding agreement between the host and the guest outlining the terms and conditions of the stay.
Feedback left by guests after their stay, providing valuable insights into their experience and influencing the booking decisions of future guests.
The attractiveness of a property when viewed from the street, which can influence a potential guest’s first impression and booking decision.
The creation and sharing of valuable, relevant, and consistent content to attract and engage potential guests.
The process of keeping track of bookings, blocking dates for maintenance or personal use, and syncing calendars across multiple platforms.
The maximum number of guests allowed to stay at a short-term rental property, as determined by local regulations and the property’s features.
An arrangement where two or more individuals share the responsibilities of managing a short-term rental property.
The net amount of money generated by a short-term rental property after deducting all expenses, including mortgage payments, utilities, and management fees.