A pricing strategy where the rental rate includes all utility costs, simplifying the booking process for guests.
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Glossary Term: Short-Term Rentals
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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.
Temporary disruptions in utility services (e.g., power outages, water shut-offs) that can impact guest comfort and require prompt attention.
The recorded measurements of utility consumption taken from meters at the beginning and end of a billing cycle or guest stay.
Features and appliances in a short-term rental property designed to reduce utility consumption, such as energy-efficient lighting, low-flow showerheads, or smart thermostats.
Clear and concise instructions provided to guests outlining responsible utility usage practices during their stay.
A type of furnished, short-term rental typically used by business travelers, often managed by specialized companies.
Integrated technology systems that allow remote control and automation of various aspects of a short-term rental property, such as lighting, temperature, and security.
Software solutions designed to streamline and automate various aspects of short-term rental management, including bookings, guest communication, and financial reporting.
Adherence to all applicable laws, regulations, and tax requirements related to operating short-term rentals, including licensing, permits, and income reporting.
Measures taken by hosts or property managers to verify the identity and assess the suitability of potential guests before confirming bookings, often involving background checks and reviews.