An approach to managing short-term rentals that involves assembling a team of specialized individuals or companies to handle different aspects of the business, such as cleaning, maintenance, and guest communication.
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When two or more individuals or entities share ownership of a short-term rental property and collaborate on its management and hosting responsibilities.
A reservation made directly with the host or property manager, bypassing third-party platforms like Airbnb or Vrbo.
Adhering to all applicable laws, regulations, and platform policies related to short-term rental operations, including licensing, taxes, safety regulations, and data privacy.
The total revenue generated from bookings before deducting any fees, expenses, or taxes.