Modifying a property for short-term rental purposes without obtaining the necessary permits or approvals, which can lead to safety hazards, code violations, and legal repercussions.
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A pricing strategy where short-term rental rates fluctuate based on real-time market demand, seasonality, competitor pricing, and other factors. This approach helps…
The process of managing interactions and relationships with vendors that provide services for short-term rentals, such as cleaning, maintenance, or property management.
Understanding and complying with local laws, taxes, and permits specifically related to short-term rentals in a particular city, county, or region.
Refers to the seamless integration between a property management system (PMS) and online travel agents (OTAs) like Airbnb and VRBO, enabling real-time…