Adjusting rental rates strategically during periods of lower demand, such as the off-season or weekdays, to attract more bookings and maximize occupancy.
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The shortest allowable booking duration for a rental property, set by the host to manage availability and optimize pricing.
The amount a property owner is responsible for paying out of pocket before insurance coverage kicks in for damages to the structure…
Tools like Microsoft Excel or Google Sheets used for managing bookings, tracking expenses, and analyzing financial performance of the rental business.
Engaging with the local community, respecting neighborhood norms, and contributing positively to the area to foster a welcoming environment for short-term rentals.