A legal doctrine requiring landlords to maintain their rental properties in a habitable condition, ensuring basic living standards like plumbing, heating, and safety.
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Glossary Term: Rental Property
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The process of managing interactions and relationships with vendors that provide services for short-term rentals, such as cleaning, maintenance, or property management.
A rental property that includes all essential furniture for living, such as beds, sofas, tables, and appliances.
The process of designing short-term rental spaces with a focus on the user experience, ensuring comfort, ease of use, and positive emotional responses from guests.
The cleaning process that takes place between guest stays in a short-term rental property, ensuring it’s ready for the next guest.
A stand-alone residential property intended for occupation by one family, often a popular choice for short-term rentals.
In the context of real estate and property management, oilability refers to the ease with which a property can be rented out or sold. A highly oilable property is one that is in high demand and can be easily rented or sold.
A comprehensive assessment of a rental property’s condition, cleanliness, and functionality, typically conducted before and after each guest stay.
Windows designed to withstand high winds and flying debris, offering increased safety and security for properties in hurricane-prone areas, a desirable feature for short-term renters seeking peace of mind.
Real estate purchased or utilized specifically for the purpose of generating rental income, including short-term rentals listed on platforms like Airbnb and VRBO.
A self-contained living space, typically located on the same property as the host’s primary residence, offered as a short-term rental. Guest houses provide privacy and amenities separate from the main house.
A single, self-contained unit within a larger property, such as an apartment, condo, or guesthouse, that can be rented out as a short-term rental.