Being open and upfront with guests about expected utility consumption and any associated costs or guidelines for their stay.
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Glossary Term: Short-Term Rentals
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Recommendations and best practices for reducing utility consumption in a short-term rental property, such as using energy-efficient appliances or promoting mindful usage to guests.
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.
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 type of furnished, short-term rental typically used by business travelers, often managed by specialized companies.
Methods and technologies used to provide secure and convenient access to short-term rental properties for guests, such as smart locks, keypads, and lockboxes.
Strategic approach to maximizing rental income through dynamic pricing, occupancy optimization, and revenue forecasting specific to short-term rentals on platforms like Airbnb and VRBO.
A comprehensive document or digital resource provided to guests upon booking that includes essential information about the property, amenities, house rules, and local recommendations.
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.