A feature offered by some property management companies or platforms that guarantee a minimum number of bookings or rental income for a specific period.
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Glossary Term: Risk Mitigation
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Implementing a thorough guest screening process, utilizing platform features and communication, to minimize risks and ensure a safe and respectful environment for both hosts and guests.
A service offered by some property management companies that guarantees a certain level of rental income to property owners, regardless of occupancy rates.
A system of screening potential guests based on specific requests or requirements they have, aiming to ensure compatibility with the property and minimize risks.
A strategic gap intentionally left in the booking calendar to accommodate unforeseen circumstances, such as last-minute cancellations or cleaning delays.
Measures taken to ensure the well-being and security of guests during their stay, including providing smoke detectors, carbon monoxide alarms, and first-aid kits.
A type of insurance coverage that protects short-term rental property owners from financial losses caused by water damage incidents, such as leaks, floods, or burst pipes.
A type of insurance that covers damages or losses to equipment rented out to guests as part of a short-term rental agreement.
A security measure employed by some short-term rental hosts to screen potential guests for criminal history or other red flags, enhancing safety and mitigating risks.
Services offered by Bureau Veritas to help hospitality businesses identify, assess, and mitigate potential risks, ensuring operational continuity and guest safety.
Services offered by Bureau Veritas to help hospitality businesses secure their supply chains, mitigate risks, and ensure the quality and authenticity of goods and services.
The process of verifying the identity and assessing the trustworthiness of potential guests before confirming their bookings, often involving background checks or ID verification.