The percentage of time a short-term rental property is booked over a specific period. A higher occupancy rate generally indicates greater profitability.
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Regularly updating listing information, photos, and descriptions to reflect any changes in amenities, features, or pricing.
Choosing and maintaining appliances like refrigerators, dishwashers, and HVAC systems that operate with minimal noise disruption for guest comfort.
Using software to automate guest communication, such as sending check-in instructions, answering frequently asked questions, and providing local recommendations.
The process of projecting future financial performance by estimating revenues, costs, and expenses, enabling hosts to make informed business decisions.