The portion of a short-term rental property’s value that the owner owns outright, calculated as the property’s market value minus any outstanding mortgages or loans.
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Using data from IoT devices, such as occupancy sensors or smart thermostats, to gather indirect feedback on guest preferences and improve the…
(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to…
A refundable amount held by the host to cover potential damages or losses incurred by the guest during their stay.
Implementing thorough guest verification and screening processes, potentially including background checks or ID verification, on a weekly basis to mitigate risks and…