The recorded measurements of utility consumption taken from meters at the beginning and end of a billing cycle or guest stay.
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Glossary Term: Short-Term Rentals
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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.
Local government rules and guidelines that dictate how land is used and developed within a city, including regulations related to short-term rentals.
Software platforms that help short-term rental hosts track, manage, and automate utility bills for their properties.
The practice of installing separate meters for individual units or areas within a property to track and bill utility usage separately.
Being open and upfront with guests about expected utility consumption and any associated costs or guidelines for their stay.
A type of furnished, short-term rental typically used by business travelers, often managed by specialized companies.
Insurance policies or security deposit procedures designed to protect short-term rental owners from financial losses due to property damage caused by guests.
Research and analysis of the short-term rental market in a specific location, including factors like demand, competition, and seasonal trends.
Techniques used to improve the visibility and attractiveness of short-term rental listings on platforms like Airbnb and VRBO, including keyword optimization, high-quality photos, and compelling descriptions.
The process of monitoring, responding to, and managing guest reviews on short-term rental platforms to maintain a positive reputation and attract future bookings.