While not directly related to short-term rentals, this organization highlights the potential for franchising in the hospitality industry, including property management services for short-term rentals.
Menu
Glossary Term: Property Management
221 posts
A centralized system used by property managers to manage bookings, availability calendars, and rates across multiple platforms like Airbnb and VRBO.
A professional designation for individuals who have demonstrated knowledge and expertise in the field of short-term rental management and operations.
Software applications and services that are hosted online and accessed via the internet, often used for property management and booking platforms.
A wireless communication protocol used for smart home devices, enabling interconnected amenities like smart locks and thermostats.
A type of thermal printer used for generating labels, often utilized by hosts for luggage tags, key identifiers, or other organizational purposes.
Major expenses related to acquiring or upgrading property assets, such as renovations, furniture replacements, or new appliances.
A significant upgrade or renovation to a property that increases its value, lifespan, or functionality.
Some property management companies offer brokerage services to help owners buy or sell short-term rental properties. These services can include market analysis, property valuation, and negotiation support.
Refers to a traditional business with a physical location, as opposed to an online-only business. In the context of short-term rentals, it can refer to a property management company with a physical office.
A business model that combines a physical presence, such as a property management company, with an online presence, like listings on Airbnb and VRBO.
The use of technology to automate repetitive tasks in short-term rental management, such as guest communication, booking management, and cleaning scheduling.