The system of rules, regulations, and processes that govern the short-term rental industry, including platforms like Airbnb and VRBO.
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Governance
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A system where rental payments from guests are held by a third-party platform (like Airbnb or VRBO) until after check-in, ensuring both…
Battery-powered lights that automatically activate during power outages, providing essential illumination for guests to navigate the property safely.
Actively seeking and leveraging guest reviews that highlight aspects of the property and hosting experience most valued by the defined target market.
The net amount of money generated by a short-term rental property after deducting all expenses, including mortgage payments, utilities, and management fees.