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.
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.
An essential appliance in a short-term rental that provides hot water for showers, baths, and kitchen use, ensuring guest comfort and convenience.