The percentage of time a short-term rental property is booked during the summer months, typically considered a peak season for travel.
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Strategies for mitigating the impact of negative guest reviews, including responding professionally, addressing concerns, and improving services.
A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
Using a smartphone app or website to access a short-term rental, often through digital keys or codes.
Specific zoning laws and ordinances implemented in certain areas to regulate short-term rental operations, often imposing additional restrictions or requirements beyond general…