A refundable amount collected from guests at the time of booking to cover potential damages to the property during their stay, managed through platforms like Airbnb and VRBO.
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Integrating smart home technology to automate various aspects of short-term rental management, such as keyless entry, temperature control, and appliance monitoring.
A metric used by investors to assess the potential profitability of a short-term rental property, calculated by dividing the projected annual rental…
A measure of the profitability of a short-term rental property, calculated by subtracting operating expenses from revenue.
A dynamic pricing strategy where rates are adjusted based on demand peaks, often seen around holidays or special events.