Setting competitive rental rates based on market demand, seasonality, competitor analysis, and the specific preferences of the target audience.
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A legally binding contract between a property owner and a property manager outlining the terms of their business relationship.
Direct costs associated with providing short-term rental services, such as cleaning supplies, toiletries, and utilities, used to calculate profitability.
A situation where the number of available short-term rentals in a specific market exceeds the demand from travelers, potentially leading to lower…