Performing renovations or construction activities on a short-term rental property without obtaining the necessary permits or approvals, which can result in safety hazards, code violations, and legal action.
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A pricing strategy where rental rates are adjusted based on factors such as occupancy rates, demand, and competitor pricing to optimize revenue.
Tools within QuickBooks that allow short-term rental hosts to track mileage for business purposes, aiding in accurate expense reporting and tax deductions.
A form of tourism that emphasizes responsible travel to natural areas, conserving the environment, and sustaining the well-being of local people.
Enhanced cleaning protocols implemented to ensure a higher standard of hygiene and sanitation, particularly important in light of health concerns.