The terms and conditions that determine the refund amount a guest is entitled to if they need to cancel their booking, ranging from flexible to strict.
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The process of tracking, analyzing, and reporting on the financial performance of a short-term rental property, including revenue, expenses, and profitability.
Additional services offered to guests for an extra fee, such as grocery delivery, in-room dining, or laundry services.
Some insurance companies or lenders might have minimum property value requirements for short-term rental insurance or mortgages.
Meticulously recording all income and expenses related to the short-term rental property for accurate financial reporting, tax purposes, and profitability analysis.