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 legal permit required by many local governments to operate a short-term rental business. Obtaining the necessary business licenses ensures compliance with…
Detailed property descriptions that highlight amenities and features specifically designed for remote workers, including internet speed, workspace availability, and nearby co-working spaces.
An increase in the percentage of booked nights over a specific period, indicating growing demand and potentially allowing for higher rental rates.
The process of gathering and analyzing information about a specific short-term rental market, including competitor analysis, pricing trends, and guest preferences.