A hypothetical term emphasizing the importance of understanding and adhering to local regulations, tax laws, and insurance requirements related to short-term rentals. Ensuring legal compliance is crucial for avoiding penalties and protecting your business.
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A measure of the profitability of a short-term rental property, calculated by subtracting operating expenses from revenue.
Utilizing data collected from IoT devices to understand guest preferences and tailor the rental experience, such as adjusting temperature settings or recommending…