Specific metrics used within QuickBooks to track the financial health and performance of a short-term rental business, such as Occupancy Rate, Average Daily Rate (ADR), and Revenue Per Available Rental (RevPAR).
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A dynamic pricing strategy that considers factors like seasonality, demand, and competitor pricing to optimize rental rates for maximum revenue.
The adherence to local laws, regulations, and licensing requirements governing short-term rentals, ensuring legal operation and avoiding potential fines or penalties.
A term for a host passionate about providing exceptional hospitality and creating memorable experiences for their guests.