A financial metric used to evaluate the profitability of a rental property, calculated as the annual pre-tax cash flow divided by the total cash invested.
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A partnership between two or more parties to develop and operate a property specifically designed or optimized for short-term rentals, sharing risks…
Implementing strategies and measures to reduce the likelihood and impact of potential risks associated with short-term rental operations, such as insurance policies,…
The recurring costs associated with running a short-term rental, including cleaning fees, property management fees, utilities, and maintenance.
Creating a low-maintenance outdoor space using drought-tolerant plants, gravel, or artificial turf, minimizing upkeep costs and ensuring a presentable exterior.