The practice of analyzing and adjusting pricing strategies on a weekly basis to maximize rental income, considering factors like seasonality, demand, and competitor pricing.
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The ongoing expenses associated with operating a short-term rental, including utilities, cleaning fees, property management fees, and maintenance costs.
Regular upkeep and repairs required to keep a short-term rental property in good condition, typically performed on an annual basis.
Setting clear and transparent pricing policies that adjust based on the number of guests staying, ensuring fairness and avoiding surprises.
A feature on platforms like Airbnb and VRBO that allows guests to book a short-term rental instantly without needing host approval.