A metric used by investors to assess the potential profitability of a short-term rental property, calculated by dividing the projected annual rental income by the monthly mortgage payment.
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A permit required by some local governments to operate a short-term rental property legally.
Essential amenities that guests expect in a short-term rental, such as high-speed Wi-Fi, comfortable bedding, and basic toiletries, contributing to positive guest…
Conducting thorough research to understand the target market, competitor pricing, and local demand trends to optimize pricing and marketing strategies.
A detailed list of all small appliances provided at the rental property, such as coffee makers, toasters, blenders, and hair dryers, for…