A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
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The process of comparing a property’s performance metrics against industry averages or competitors to identify areas for improvement and track progress over…
Utilizing high-quality, professional photography to showcase the best features of a short-term rental property, attracting more potential guests and justifying higher rates.
The use of technology to analyze guest feedback from reviews, surveys, and social media to understand guest satisfaction and identify areas for…
Adhering to all applicable local laws, regulations, and licensing requirements related to short-term rental operations in a specific area.