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Short term rentals require unique revenue management practices that are not found with 12 month leases or at hotels. A short term rental is either 100% occupied or 0% occupied on any given night of the year. This is in contrast to how a hotel operates in which 40 out of 50 rooms might be booked that night, giving an occupancy of 80%. This makes short term rentals unique from a revenue management perspective. Managing rates requires managing minimum night lengths as well to m