The recurring costs associated with running a short-term rental, including cleaning fees, property management fees, utilities, and maintenance.
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Glossary Term: Fees
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A legally binding contract between a property owner and a property manager outlining the terms of their business relationship. This agreement defines responsibilities, fees, liabilities, and other essential aspects of the arrangement.
Taxes imposed by local governments on short-term rentals, often including occupancy taxes, tourism taxes, or specific short-term rental fees.
A legally binding contract between a property owner and a property manager outlining the terms of their business relationship.
The fees charged by a property management company for their services, typically calculated as a percentage of the rental income.
A legally binding contract between a property owner and a local property manager outlining the terms of service, fees, and responsibilities for managing a short-term rental.
The reasoning provided by a host for charging specific fees or requiring certain conditions from guests, such as a security deposit for potential damages or a minimum stay requirement during peak season.
The system and methods used to process payments from guests booking short-term rentals, including security deposits, cleaning fees, and rental payments.
Various income sources for short-term rental hosts beyond nightly rates, like cleaning fees, extra guest fees, early check-in/late check-out charges, and potential partnerships (e.g., local experiences).
An additional charge applied per person beyond the maximum occupancy limit stated in the listing, covering extra resource consumption.
A tax imposed by some countries on digital services, including online booking platforms like Airbnb and VRBO, that may impact the final cost for guests.
The practice of providing clear and accurate information to potential guests about the total cost of their stay, including cleaning fees, taxes, and any additional charges, fostering trust and transparency in the booking process.