Staying informed and adhering to all local regulations, licensing requirements, and tax obligations related to short-term rentals to avoid legal issues and maintain a legitimate business operation.
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Establishing systems and protocols for routine maintenance, repairs, and upkeep of the property to ensure guest satisfaction and prevent potential issues.
The practice of predicting future rental income based on historical data, market trends, and seasonal demand to optimize pricing and maximize revenue.
A colloquial term referring to a cleaning professional or service specializing in preparing short-term rental properties between guest stays.
A secure payment processing system used by platforms like Airbnb and VRBO to handle transactions between guests and hosts.