The importance and financial benefits associated with longer guest stays at a short-term rental property, contributing to higher revenue and reduced turnover costs.
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Glossary Term: Short-Term Rental
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Specialized insurance policies designed to cover the unique risks associated with short-term rentals, including property damage, liability claims, and business interruptions.
An online platform or software that allows short-term rental owners to create and manage their own websites for direct bookings, showcasing their properties and bypassing third-party platforms.
Laundry appliances provided within a short-term rental, allowing guests to wash and dry their clothes during their stay, particularly convenient for longer stays or families traveling with children.
A metric that measures how easily guests can access nearby amenities and attractions from a short-term rental on foot, often highlighted in listings to attract travelers seeking convenience and local experiences.
A standard amenity expected by most short-term rental guests, providing wireless internet access throughout the property for work, entertainment, and staying connected.
A short-term rental property specifically marketed towards remote workers or digital nomads, offering amenities and features conducive to productivity and extended stays, such as dedicated workspaces, high-speed internet, and comfortable living areas.
Organic promotion generated by satisfied guests who recommend a short-term rental to their friends, family, or colleagues, often through online reviews, social media posts, or personal referrals.
The process of preparing a short-term rental property for the winter season, especially in colder climates, to prevent damage from freezing temperatures, such as draining pipes, insulating pipes, and covering outdoor furniture.
Coverings used on windows to enhance privacy, control light, and add a decorative touch to a short-term rental, such as curtains, blinds, or shades.
A type of insurance coverage that protects short-term rental owners from financial losses caused by water damage to their property, typically covering repairs, replacement costs, and loss of rental income.
A comprehensive document or digital resource provided to guests upon booking or arrival, containing essential information about the short-term rental, local area, house rules, and contact details.