The implementation of consistent and documented procedures for all major business processes within a short-term rental company to ensure quality, efficiency, and scalability.
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A refundable amount collected from guests before their stay to cover potential damages to the property or its contents. The terms and…
A metric used by investors to assess the potential profitability of a short-term rental property, calculated by dividing the projected annual rental…
The highest rating a guest can give a short-term rental property on platforms like Airbnb and VRBO, indicating exceptional quality, service, and…
A hypothetical tax or increased property tax levied on large, luxurious homes, sometimes associated with short-term rentals in upscale neighborhoods.