Implementing sound financial practices for tracking income, expenses, taxes, and generating reports to ensure profitable and sustainable short-term rental operations.
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A measure of how quickly a short-term rental property receives bookings over a given period. A higher velocity indicates strong demand.
A strategy where someone rents a property long-term and then sublets it as a short-term rental for a higher price.
Providing on-site laundry facilities, such as a washer and dryer, adds convenience for guests, especially those staying for extended periods.
The potential for higher rental rates and occupancy rates for short-term rental properties located directly on a riverfront, reflecting the desirability of…