The actual price paid to acquire a property, including closing costs and other associated expenses. This is a crucial factor in calculating investment returns for short-term rentals.
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A common abbreviation used in short-term rental listings to indicate that the property is suitable for accommodating two guests comfortably.
A term used to describe a vacation rental that is exceptionally clean and sanitary, often exceeding guest expectations.
The strategic implementation of pricing and booking strategies to maximize revenue from short-term rentals by analyzing factors like demand, seasonality, and competition.
A legally binding contract between a property owner and a property manager outlining the terms of their business relationship.