An online platform or software feature that allows property owners to communicate with their property manager, access financial reports, and manage property details.
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Glossary Term: Property Management
221 posts
A percentage of the booking revenue charged by property management companies or platforms like Airbnb and VRBO for their services.
The different tiers or levels of commission fees that a property management company might charge based on factors like booking volume or property type.
An online platform connecting property owners with potential co-hosts offering management services for short-term rentals.
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.