A predetermined amount of money included in the rental rate to cover a portion or all of the expected utility costs for a guest’s stay.
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Glossary Term: Short-Term Rentals
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Disagreements or conflicts that may arise between hosts, guests, or utility providers regarding the accuracy or responsibility for utility charges.
Professional assessments of a property’s energy and water consumption patterns to identify areas for improvement and cost savings.
Regularly tracking and analyzing utility consumption data to identify trends, anomalies, and potential areas for optimization.
A pricing strategy where the rental rate includes all utility costs, simplifying the booking process for guests.
A charge imposed on guests if their utility usage exceeds a predetermined threshold or allowance during their stay.
A detailed itemization of individual utility expenses (e.g., electricity, water, gas) for a specific period, such as a month or a guest’s stay.
A type of furnished, short-term rental typically used by business travelers, often managed by specialized companies.
Digital platforms and software solutions designed to streamline and automate guest communication for short-term rental hosts, including automated messaging, booking inquiries, and guest support.
Environmentally responsible approaches to short-term rental management, including energy efficiency measures, waste reduction, and the use of eco-friendly products.
The process of cleaning and preparing a short-term rental property between guest stays, often involving professional cleaning services, laundry, and restocking amenities.
Building and maintaining positive relationships with neighbors and the local community when operating a short-term rental property, addressing any concerns and ensuring minimal disruption.