Listing a short-term rental property on multiple online travel agencies (OTAs) and direct booking platforms to expand reach and maximize occupancy. This involves managing listings and calendars across various channels, including Airbnb, VRBO, Booking.com, and the host’s own website.
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Major expenses related to acquiring or upgrading property assets, such as renovations, furniture replacements, or new appliances.
Minimizing periods of unavailability for short-term rentals by streamlining operations, having backup plans in place, and ensuring quick turnaround times between bookings.
Optional insurance offered by platforms like Airbnb and VRBO, providing coverage for hosts and guests in case of unexpected events like cancellations,…