Income generated from activities related to a short-term rental property but not directly from rental bookings, such as cleaning fees, pet fees, or early check-in fees.
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Glossary Term: Property Management
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A growth strategy in short-term rental management that involves acquiring or managing more properties within the same market or niche.
A comprehensive property management service that handles all aspects of short-term rental operations, including marketing, bookings, guest communication, cleaning, and maintenance.
A feature offered by some property management companies or platforms that guarantee a minimum number of bookings or rental income for a specific period.
The integration of smart home technology, such as automated locks, thermostats, and lighting, to streamline operations and enhance the guest experience in short-term rentals.
The proactive upkeep and repair of short-term rental properties, utilizing technology and preventative measures to ensure guest satisfaction and minimize potential issues.
A professional or company that manages vacation rental properties on behalf of the owner, handling tasks such as marketing, booking, guest communication, cleaning, and maintenance.
Temporary disruptions in utility services (e.g., power outages, water shut-offs) that can impact guest comfort and require prompt attention.
The use of internet-connected devices, such as smart locks and thermostats, to enhance guest experience and streamline property management in short-term rentals.
Regular upkeep and repairs to ensure the short-term rental property remains in good condition for guests.
Ensuring cleanliness and curb appeal by scheduling regular cleaning services for both sides of the street where a rental property is located.
Software applications designed to integrate with or enhance functionality of platforms like Airbnb and VRBO, such as pricing tools or guest communication systems.