A hands-off approach to short-term rental management where an owner delegates all aspects of their listing to a property manager or management company, often for a premium fee.
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The maximum number of guests allowed to stay overnight at a property, often determined by local regulations, safety guidelines, and property capacity.
The practice of managing bookings and guest communication across different time zones while remaining responsive during reasonable hours.
The expected deterioration of a property due to regular use, distinguishing it from damage caused by guests, relevant for security deposits.