A comprehensive plan for managing and optimizing short-term rental properties, encompassing aspects like pricing, marketing, guest experience, and financial management.
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Glossary Term: Property Management
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Digital tools and resources designed to assist with various aspects of short-term rental management, including channel management software, pricing tools, and guest communication platforms.
The integration of automated devices and appliances within a rental property, such as smart locks, thermostats, and lighting systems, to enhance guest experience and streamline property management.
For hosts or property managers with multiple listings, satellite locations refer to properties that are not geographically clustered together. Managing these requires careful logistical planning and potentially local support teams.
A comprehensive inspection of a short-term rental property to identify and mitigate potential safety hazards, ensuring compliance with regulations and guest well-being.
A digital camera where the image processing functions are controlled by software, allowing for greater flexibility and customization in image capture and analysis.
A memory card format commonly used in security cameras and other devices for storing photos and videos, relevant for property documentation and security systems.
A service offered by some property management companies that guarantees a certain level of rental income to property owners, regardless of occupancy rates.
The practice of equipping a rental property with amenities and supplies based on the specific requests and preferences frequently expressed by guests.
Implementing and enforcing property rules and guidelines based on past guest requests and behaviors to prevent issues and ensure a smooth experience.
A comprehensive list of tasks to ensure a short-term rental property is fully prepared for guest arrival, covering cleaning, maintenance, amenities, and safety checks.
Identifying properties with potential for profit by leasing them long-term and subletting them as short-term rentals on platforms like Airbnb and VRBO.