The process of identifying and evaluating potential risks associated with owning and operating a short-term rental, including property damage, liability claims, legal disputes, and market fluctuations.
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A comparison of a specific metric (e.g., revenue, bookings) between the current year and the previous year, used to track performance trends.
Staying informed and adhering to all local regulations, licensing requirements, and tax obligations related to short-term rentals to avoid legal issues and…
A professional organization representing the interests of vacation rental professionals in the United States, providing advocacy, education, and resources to its members.
A period of time blocked off between guest bookings to allow for cleaning, maintenance, or to prevent back-to-back bookings.