A refundable amount of money collected by hosts from guests before their stay to cover potential damages or losses to the short-term rental property.
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Glossary Term: Airbnb
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The process of connecting your Airbnb and VRBO calendars to other platforms like Google Calendar or Booking.com to prevent double bookings and manage availability effectively.
The terms and conditions that outline the rules and penalties for guests who need to cancel their booking at a short-term rental property.
A metric used to measure the percentage of time a short-term rental property is occupied by paying guests over a specific period.
A secure method of allowing guests access to a short-term rental property without using traditional keys, often through smart locks, keypads, or mobile apps.
The built-in communication platform on Airbnb and VRBO that allows hosts and guests to interact securely before, during, and after a booking.
The practice of analyzing data and market trends to adjust pricing and availability strategies in real-time to maximize revenue and occupancy for a short-term rental property.
The process of improving a short-term rental listing on platforms like Airbnb and VRBO to attract more bookings and maximize visibility.
A software solution that allows property managers to manage their listings across multiple short-term rental platforms like Airbnb, VRBO, and Booking.com from a single dashboard.
The practice of monitoring, responding to, and managing guest reviews on Airbnb and VRBO to maintain a positive online reputation.
A plan for setting competitive and profitable rental rates for a short-term rental property based on factors like seasonality, demand, and competition.
The process of vetting potential guests before accepting a booking to minimize risks and ensure a safe and enjoyable experience for both hosts and guests.