Allowable expenses that can be deducted from rental income to reduce tax liability for short-term rental owners.
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Glossary Term: Short-Term Rental
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A professional who can assist travelers with booking short-term rentals, providing recommendations and handling arrangements.
Hungarian term for “Regulatory Zone,” referring to specific geographical areas with unique rules and regulations for short-term rentals, often found in cities like Budapest.
The process of verifying the identity and background of potential guests to minimize risks for short-term rental hosts.
Online platforms and websites dedicated to short-term rentals, providing resources, information, and tools for both hosts and guests.
A category used to classify short-term rentals based on the configuration and amenities offered, such as a studio, one-bedroom, or entire home.
A pricing strategy used by short-term rental platforms, like Airbnb and VRBO, where prices increase significantly during periods of high demand, such as holidays or special events.
A temporary or permanent deactivation of a host or guest account on a short-term rental platform due to violations of terms of service, safety concerns, or other policy breaches.
Software designed specifically for managing short-term rentals, encompassing features such as listing management, booking automation, guest communication, and financial reporting.
Eco-friendly and socially responsible products and services offered to guests in short-term rentals, such as organic toiletries, energy-efficient appliances, and locally sourced goods.
A comprehensive plan for managing and optimizing short-term rental properties, encompassing aspects like pricing, marketing, guest experience, and financial management.
The process of sourcing, procuring, and managing the goods and services required to operate a short-term rental business, including furniture, linens, cleaning supplies, and maintenance services.