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Glossary Term: Short-Term Rental
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A type of insurance policy that covers multiple parties involved in a short-term rental, such as the owner, property manager, and any contractors, under a single policy.
A legal arrangement where two or more individuals or entities share ownership of a property used for short-term rentals, outlining responsibilities and profit sharing.
The process of visualizing the guest experience from pre-booking to post-stay, identifying touchpoints and opportunities for improvement in short-term rental hosting.
A collaborative marketing effort between short-term rental hosts or property managers to promote their listings or services to a wider audience.
Technical drawings of a property that show a 3D view, often used for visualizing the layout and design of a short-term rental.
A software or platform used to log, manage, and resolve guest issues or maintenance requests related to a short-term rental property.
Refers to situations where the owner or a long-term tenant also occupies a portion of the property while renting out other areas as a short-term rental.
An accounting method used to track expenses for specific projects or tasks, such as cleaning, maintenance, or repairs, in short-term rental management.
A short-term rental operating in violation of local zoning laws, HOA regulations, or other applicable ordinances.
Internet of Things devices used in short-term rentals for enhanced guest experiences, such as smart locks, thermostats, and lighting systems.