The process of obtaining the necessary licenses and permits from local authorities to legally operate a short-term rental.
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Permitting
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A 12-month period used for financial reporting and tax purposes, which may not necessarily align with the calendar year. Important for hosts…
The compatibility between a guest’s travel style, preferences, and the characteristics of the neighborhood where a short-term rental property is located, ensuring…
A pricing strategy where hosts offer lower rental rates during periods of low demand or the off-season to attract bookings and maintain…
The process of lowering rental prices during the off-season to stimulate demand and maintain a steady stream of bookings.