The legal and financial framework under which a short-term rental property is owned, such as sole proprietorship, partnership, or LLC.
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The process of verifying guest identities and assessing their suitability for a rental property to mitigate risks.
Specific rules and regulations imposed by local governments on short-term rental operations, including licensing, permits, and occupancy limits.
Engaging with the local community, respecting neighborhood norms, and contributing positively to the area to foster a welcoming environment for short-term rentals.
A pricing strategy that adjusts rental rates in real-time based on factors like demand, seasonality, and competitor pricing.