Short for “Short-Term Vacation Rental Platform,” it refers to online marketplaces like Airbnb and VRBO that connect property owners with travelers seeking short-term accommodations.
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A subtle form of marketing that integrates promotional messages into the environment of the short-term rental, such as branded coasters, local guidebooks,…
Refers to using rental income from platforms like Airbnb and VRBO to finance travel expenses for personal trips and vacations.
Promptly following up with potential guests after an inquiry or booking request to answer questions, confirm details, and secure the reservation.
The process of reporting income and expenses related to a short-term rental property on annual tax returns, complying with relevant tax regulations.