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.
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.
The process of tracking, maintaining, and replacing equipment and supplies used in a short-term rental property, ensuring smooth operations and guest satisfaction.
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.
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.
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.