Using third-party services to verify guest identities, check for criminal records, and assess the risk of potential guests.
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Glossary Term: Risk Management
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The process of vetting potential guests before confirming their booking, typically involving background checks, ID verification, and review of previous reviews.
The process of verifying a guest’s identity and background information to mitigate risks associated with unauthorized bookings or potential property damage.
The process of vetting potential guests to minimize risks associated with property damage, noise complaints, or other undesirable behaviors.
Insurance covering mortgage payments if the homeowner/host becomes unable to work, providing financial security for short-term rental property owners.
Specialized insurance coverage designed to protect short-term rental hosts from liabilities and property damage that may occur during a guest’s stay.
The minimum age set by a short-term rental host for the primary guest booking and staying at their property, often implemented to comply with platform policies or to mitigate risks associated with younger guests.
The process of vetting potential guests to minimize risks associated with property damage, disturbances, or other issues. This can include background checks, ID verification, and reviewing guest reviews.
Procedures used by hosts to evaluate potential guests and mitigate risks, such as verifying identities, reading reviews, or requesting security deposits.
The process of evaluating potential guests through reviews, verifications, and communication to minimize risks associated with bookings.
Insurance policies or security deposits designed to safeguard hosts from financial losses caused by accidental damages, leaks, or other unforeseen events.
Implementing enhanced screening procedures for guests booking extended stays to mitigate risks associated with longer-term occupancy.