A predetermined amount of money set aside by hosts to cover the expected depreciation of furnishings, appliances, and other property features due to normal use by guests.
You may also like
The strategy of maintaining consistent pricing for a short-term rental across multiple booking platforms.
The prevailing rental rate for similar properties in the same market area, used as a benchmark for setting competitive pricing.
The process of guests reserving a short-term rental property for a future date. Advance booking trends and lead times can vary depending…
A legally binding contract between a property owner and a property manager, outlining the terms of service and responsibilities of both parties.