The practice of predicting future rental income based on historical data, market trends, and seasonal demand to optimize pricing and maximize revenue.
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A type of sofa that can be converted into a bed, often found in studio apartments or smaller rentals to maximize sleeping…
A somewhat critical term used to describe a short-term rental guest who is perceived as entitled, demanding, or disrespectful of the property…
Regular upkeep and repairs to ensure the property remains in good condition, addressing issues promptly to prevent guest complaints and ensure safety.
Diligently recording and categorizing all expenses related to short-term rental operations on a weekly basis, including cleaning fees, maintenance costs, and platform…