A hypothetical term referring to a pricing strategy that leverages data and artificial intelligence to optimize rental rates. Dynamic pricing is crucial for maximizing occupancy and revenue in the short-term rental market.
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The integration of smart home technology like Amazon Alexa or Google Assistant into short-term rentals, allowing guests to control amenities and access…
Tools that streamline and automate tasks related to managing property listings, such as updating calendars, adjusting pricing, and communicating with guests.
The original cost of an asset, such as a property, used to calculate capital gains or losses for tax purposes. Important for…
Adhering to all local laws, regulations, and ordinances governing short-term rentals, including permits, taxes, safety standards, and occupancy limits.