A key metric for short-term rental businesses, representing the predictable income generated from recurring subscriptions or services, such as property management fees.
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Glossary Term: Property Management
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A slang term for a handyman or maintenance person who handles repairs and upkeep at short-term rental properties.
A term for a host who effectively manages multiple responsibilities, including guest communication, cleaning, maintenance, and marketing.
The process of ending a contract between a property owner and a short-term rental management company.
A property management platform that helps short-term rental hosts streamline their operations. It provides tools for guest communication, automated messaging, and guidebooks.
Specialized care and upkeep required for high-end infinity pools often found in luxury vacation rentals, ensuring proper water chemistry, cleanliness, and functionality.
A system for handling maintenance requests from guests, including tracking, communication with service providers, and resolution.
A legal contract outlining the terms of service and responsibilities between a property owner and a professional short-term rental management company.
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 property management company outlining the terms of their business relationship.
Online reviews and testimonials from property owners about their experiences with different short-term rental management companies.