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 normal deterioration of a property and its furnishings due to regular use over time, as opposed to damage caused by negligence or misuse.
A reduced rate offered to guests who book a short-term rental for a full week or longer, incentivizing extended stays and increasing occupancy during slower periods.
The nightly or total price charged for a short-term rental stay that includes a Friday and/or Saturday night, often set at a premium compared to weekday rates due to higher demand.
The concept of maintaining a healthy equilibrium between work responsibilities and personal time, particularly relevant for short-term rental hosts who need to manage their businesses while also enjoying their own lives.