A booking feature on platforms like Airbnb that allows guests to reserve a property immediately without requiring host approval. This can increase booking rates but may limit host control over guest selection.
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A chronological record of maintenance tasks, cleaning schedules, and guest communication, helping hosts stay organized and manage their properties effectively.
Proactive maintenance tasks and inspections conducted regularly to prevent potential issues and ensure the smooth operation of the property.
The expected deterioration of a property due to regular use, distinguishing it from damage caused by guests, relevant for security deposits.
A dynamic pricing strategy that adjusts rental rates based on real-time market demand, seasonality, and competitive listings, often using algorithms and data…