The dynamic adjustment of rental rates based on factors like seasonality, demand, competition, and property features to maximize occupancy and revenue while remaining competitive.
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Feedback provided by guests after their stay at a short-term rental property, influencing future booking decisions and the property’s overall rating.
A type of property insurance that protects against damage from events like fire, windstorms, and hail, often required by mortgage lenders and…
The speed at which hosts respond to booking inquiries and guest messages, crucial for securing bookings and providing excellent customer service.
A legal principle requiring both parties in a short-term rental agreement to act honestly and fairly, upholding the contract’s spirit and not…