The upfront costs associated with acquiring and setting up a short-term rental property, including purchase price, renovations, furnishings, and initial marketing expenses.
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Tools like Microsoft Excel or Google Sheets used for managing bookings, tracking expenses, and analyzing financial performance of the rental business.
A significant upgrade or renovation to a property that increases its value, lifespan, or functionality.
The overall experience provided to guests during their stay, encompassing communication, cleanliness, amenities, and local recommendations.
A predefined strategy for communicating with guests during unexpected events that disrupt their stay, such as power outages, internet failures, or natural…