A comprehensive list of all permanent items within a rental property, including appliances, furniture, and fixtures. Important for maintenance, insurance purposes, and resolving potential disputes with guests.
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Glossary Term: Property Management
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A comprehensive management approach where a third-party company handles all aspects of a short-term rental, from listing creation to guest communication and cleaning.
The thorough cleaning and sanitation of a rental property after a guest checks out, ensuring it is ready for the next guest.
A listing agreement where a property is exclusively managed and marketed by a single property management company or platform.
A comprehensive management service for short-term rentals where a third-party company handles all aspects of the rental process, from listing creation and guest communication to cleaning and maintenance.
The process of tracking, maintaining, and replacing equipment and supplies used in a short-term rental property, ensuring smooth operations and guest satisfaction.
A type of professional liability insurance that protects short-term rental property managers from financial losses due to mistakes, negligence, or failure to provide promised services.
A predefined plan outlining steps to address urgent property issues during a guest’s stay, such as plumbing leaks, heating failures, or security concerns.
Property management companies specializing in short-term rentals, handling tasks like listing optimization, guest communication, cleaning, and maintenance.
The network of businesses and services that cater to the needs of short-term rental owners and guests, such as cleaning services, property management companies, and guest experience providers.
An agreement where a property owner grants a single property manager or platform exclusive rights to market and manage their short-term rental.
A program offered by some property management companies or platforms that guarantees a certain level of rental income to hosts, regardless of actual occupancy rates.