An online platform that connects hosts with guests seeking short-term rentals, typically providing features such as listing management, booking processing, and guest communication tools.
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Glossary Term: Short-Term Rental
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The overall level of excellence and satisfaction provided to guests staying in a short-term rental, encompassing factors such as cleanliness, communication, amenities, and overall experience.
Software designed to streamline and automate the booking process for short-term rentals, typically including features like calendar synchronization, payment processing, and guest communication tools.
The various expenses involved in providing short-term rental services, including cleaning fees, property management fees, platform fees, and maintenance costs.
Internet-connected devices used to enhance the guest experience and improve the efficiency of short-term rental operations, such as smart locks, thermostats, and noise monitoring systems.
Measures taken to ensure the safety and security of both guests and the rental property, including security cameras, smoke detectors, carbon monoxide detectors, and secure access controls.
The practice of predicting future demand for short-term rentals based on historical data, seasonal trends, and local events to optimize pricing and availability.
Recommendations and best practices for operating a short-term rental in an environmentally responsible manner, such as reducing energy consumption, conserving water, and using eco-friendly products.
A legally binding contract between a homeowner and a property manager or management company outlining the terms of service, responsibilities, and fees associated with managing the property as a short-term rental.
The broader concept of renting out a portion or all of one’s primary residence to guests for short-term stays, often facilitated through platforms like Airbnb.
A broader term encompassing various forms of renting out one’s primary residence or a portion of it for short periods, often facilitated through platforms like Airbnb and VRBO.
The practice of renting out a portion or the entirety of one’s primary residence to guests for short-term stays.