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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Glossary Term: Airbnb Hosting
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The steps involved in welcoming a new guest to a short-term rental, from booking confirmation to check-out instructions.
The practice of renting out a portion of one’s primary residence to guests on a short-term basis, typically through platforms like Airbnb.
Strategies and techniques aimed at maximizing the percentage of time a short-term rental property is booked, utilizing pricing adjustments, marketing efforts, and calendar management to minimize vacancy periods.
Pre-written messages designed to streamline host communication with guests, covering common inquiries, booking confirmations, check-in instructions, house rules, and post-stay follow-ups.
A broader term encompassing various forms of renting out one’s primary residence or a portion of it for short periods, often facilitated through platforms like Airbnb and VRBO.
The practice of renting out a portion or the entirety of one’s primary residence to guests for short-term stays.
Conducting focus groups with potential guests to gather feedback on listings, pricing, and amenities to optimize the rental experience and attract more bookings.
A comprehensive document or digital resource provided to guests upon booking or arrival, containing essential information about the short-term rental, local area, house rules, and contact details.
The nightly or total price charged for a short-term rental stay that falls on a Monday through Thursday night, often set at a lower rate compared to weekend rates due to lower demand.
A type of short-term rental where guests have exclusive access to an entire property, including all bedrooms, living areas, kitchen, and bathrooms, providing privacy and a home-away-from-home experience.
A thorough inspection of a short-term rental property conducted by the host or a designated representative before and after each guest stay, documenting the condition of the property and identifying any damages or maintenance needs.