The use of software and tools to automate repetitive tasks in the short-term rental management process, such as guest communication, booking management, and payment processing.
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Rental prices charged during peak travel periods when demand is highest.
Software integrated into a short-term rental website or platform that allows guests to search for availability, view rates, and make reservations online.
Fluctuations in the demand for short-term rentals throughout the year, influenced by factors like holidays, school breaks, weather patterns, and local events.
The expected deterioration and damage that occurs to a property over time due to normal use by guests, considered a standard operating…