A refundable amount collected from guests before their stay to cover potential damages to the property. It is typically managed through the booking platform.
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(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to…
A formal written document informing a guest of their required departure from the rental property due to lease violations or unauthorized occupancy.
Ensuring the collection and remittance of applicable occupancy taxes, such as hotel taxes or transient occupancy taxes, to local authorities.
A professional service where an expert assesses and advises on furniture arrangement, decor, and overall presentation to maximize a rental property’s appeal…