Investing in a short-term rental property that requires renovation or redevelopment. This can be a higher-risk, higher-reward strategy compared to investing in a turnkey property.
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Modifying rental rates based on the type, frequency, or complexity of guest requests for specific dates or periods.
The amount a property owner is responsible for paying out of pocket before insurance coverage kicks in for damages to the structure…
Refers to a traditional business with a physical location, as opposed to an online-only business. In the context of short-term rentals, it…
The terms and conditions outlining the consequences of a guest canceling their reservation, including potential refunds or penalties.