A pricing strategy where rental rates fluctuate based on factors like seasonality, demand, and day of the week.
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A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time for a short-term rental business.
The normal deterioration of a rental property and its furnishings due to guest use over time.
Utilizing software and tools like property management systems (PMS), channel managers, and smart home devices to automate tasks and streamline operations.
Software or websites that allow hosts to compare their rental rates with competitors and adjust pricing accordingly.