A situation where one party in a transaction has more information than the other, such as a host knowing more about the property’s condition than a guest.
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A real estate agent who represents the buyer in a real estate transaction, assisting with property search, negotiation, and closing.
The practice of contracting specific business processes, such as guest communication, cleaning, or maintenance, to external service providers specializing in short-term rentals.
A necessary repair at a short-term rental property that requires immediate attention to address a safety hazard, prevent further damage, or ensure…
(Used metaphorically) A win in STR that comes at a significant cost, such as getting a booking by lowering prices so much…