Using software or tools to keep booking calendars updated in real-time across all platforms, preventing double-bookings and ensuring accuracy.
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A booking policy that imposes stricter terms and conditions for cancellations, typically resulting in higher penalties for guests.
In the context of short-term rentals, this refers to the percentage of guests who do not return for a repeat booking within…
A financial document provided by a property manager to the owner, outlining all income generated and expenses incurred for a specific period,…
Charges applied by hosts or property managers for each guest beyond the standard occupancy limit specified for a short-term rental property.