A clause in a lease agreement that specifies the maximum number of guests allowed to stay in a short-term rental property.
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A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
Steps taken by booking platforms like Airbnb and VRBO to confirm the identity of guests through government-issued ID, profile verification, and background…
Analyzing guest reviews to identify patterns and insights related to the preferences and expectations of the defined target market for continuous improvement.
A set of standardized procedures for cleaning and sanitizing short-term rentals between guest stays, ensuring hygiene and guest safety.