Necessary steps taken to prepare a vacation rental property for the winter season, including protecting pipes from freezing, insulating windows, and shutting off outdoor water sources.
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The actual price paid to acquire a property, including closing costs and other associated expenses. This is a crucial factor in calculating…
The practice of analyzing similar short-term rental properties in the same market to determine competitive pricing and assess the value of a…
Periods of peak travel demand in a particular destination, often characterized by increased booking volume, higher occupancy rates, and potentially higher rental…
The process of dividing and assigning expenses related to a rental property between personal and business use for tax purposes.