Clearly defined rules communicated to guests regarding noise levels during specific times, outlining expected behavior and potential consequences for violations.
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The profitability of a short-term rental, calculated by subtracting expenses (cleaning, fees, etc.) from rental income.
A legally binding contract between a property owner and a property manager outlining the terms of their business relationship.
Refers to short-term rentals that are directly managed by the property owner, without the involvement of a property management company.
A percentage-based fee charged by platforms like Airbnb and VRBO to hosts for each booking facilitated through their platform.