Risk management in short–term rental properties: methods and strategies for minimizing risks
This article aims to identify and analyze effective risk management strategies within the short–term rental market, focusing on enhancing operational efficiency and profitability while ensuring compliance and security. The study utilizes a methodological framework that integrates data–driven risk as...
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| Format: | Article |
| Language: | Russian |
| Published: |
Russian Academy of Entrepreneurship
2024-07-01
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| Series: | Путеводитель предпринимателя |
| Subjects: | |
| Online Access: | https://www.pp-mag.ru/jour/article/view/1968 |
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| _version_ | 1849695255045079040 |
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| author | N. O. Berezovskaia |
| author_facet | N. O. Berezovskaia |
| author_sort | N. O. Berezovskaia |
| collection | DOAJ |
| description | This article aims to identify and analyze effective risk management strategies within the short–term rental market, focusing on enhancing operational efficiency and profitability while ensuring compliance and security. The study utilizes a methodological framework that integrates data–driven risk assessments, optimization of rental strategies through predictive analytics, the implementation of advanced security systems, and rigorous regulatory compliance. Key findings demonstrate that these strategies significantly mitigate financial, operational, and legal risks, contribute to sustainable business practices, and enhance the market reputation of property managers. The conclusion underscores the necessity of incorporating technological advancements and stringent compliance measures as foundational elements of modern property management. The novelty of this work lies in its comprehensive approach to integrating diverse risk management strategies, providing a holistic view that addresses the multifaceted challenges faced by today’s short–term rental businesses. |
| format | Article |
| id | doaj-art-0e2ade9e9e764873ab9c891d7c09fbba |
| institution | DOAJ |
| issn | 2073-9885 2687-136X |
| language | Russian |
| publishDate | 2024-07-01 |
| publisher | Russian Academy of Entrepreneurship |
| record_format | Article |
| series | Путеводитель предпринимателя |
| spelling | doaj-art-0e2ade9e9e764873ab9c891d7c09fbba2025-08-20T03:19:50ZrusRussian Academy of EntrepreneurshipПутеводитель предпринимателя2073-98852687-136X2024-07-0117310.24182/2073-9885-2023-17-3-39-481725Risk management in short–term rental properties: methods and strategies for minimizing risksN. O. Berezovskaia0The Loft Studio MoscowThis article aims to identify and analyze effective risk management strategies within the short–term rental market, focusing on enhancing operational efficiency and profitability while ensuring compliance and security. The study utilizes a methodological framework that integrates data–driven risk assessments, optimization of rental strategies through predictive analytics, the implementation of advanced security systems, and rigorous regulatory compliance. Key findings demonstrate that these strategies significantly mitigate financial, operational, and legal risks, contribute to sustainable business practices, and enhance the market reputation of property managers. The conclusion underscores the necessity of incorporating technological advancements and stringent compliance measures as foundational elements of modern property management. The novelty of this work lies in its comprehensive approach to integrating diverse risk management strategies, providing a holistic view that addresses the multifaceted challenges faced by today’s short–term rental businesses.https://www.pp-mag.ru/jour/article/view/1968short–term rentalsrisk managementdata–driven assessmentsrental strategy optimizationsecurity measuresregulatory compliancepredictive analyticsproperty managementtechnological integrationmarket reputation |
| spellingShingle | N. O. Berezovskaia Risk management in short–term rental properties: methods and strategies for minimizing risks Путеводитель предпринимателя short–term rentals risk management data–driven assessments rental strategy optimization security measures regulatory compliance predictive analytics property management technological integration market reputation |
| title | Risk management in short–term rental properties: methods and strategies for minimizing risks |
| title_full | Risk management in short–term rental properties: methods and strategies for minimizing risks |
| title_fullStr | Risk management in short–term rental properties: methods and strategies for minimizing risks |
| title_full_unstemmed | Risk management in short–term rental properties: methods and strategies for minimizing risks |
| title_short | Risk management in short–term rental properties: methods and strategies for minimizing risks |
| title_sort | risk management in short term rental properties methods and strategies for minimizing risks |
| topic | short–term rentals risk management data–driven assessments rental strategy optimization security measures regulatory compliance predictive analytics property management technological integration market reputation |
| url | https://www.pp-mag.ru/jour/article/view/1968 |
| work_keys_str_mv | AT noberezovskaia riskmanagementinshorttermrentalpropertiesmethodsandstrategiesforminimizingrisks |