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.
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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.