Implementing strategies to maximize income from short-term rentals, including dynamic pricing, seasonal adjustments, and upselling additional services.
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A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
Integrating local event calendars with a property management system or website to inform potential guests about upcoming events and attractions.
Items and services provided to guests to enhance their comfort and convenience, such as toiletries, linens, Wi-Fi, and coffee.
A metric that rates the ease of walking to amenities and attractions from a rental property’s location.