Regularly tracking and analyzing utility consumption data to identify trends, anomalies, and potential areas for optimization.
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Glossary Term: Utilities
27 posts
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.
Temporary disruptions in utility services (e.g., power outages, water shut-offs) that can impact guest comfort and require prompt attention.
A common listing feature indicating that the rental price includes the cost of essential utilities like electricity, water, gas, and internet.
The recorded measurements of utility consumption taken from meters at the beginning and end of a billing cycle or guest stay.
Excess consumption of utilities (electricity, water, etc.) beyond a predetermined limit set by the host, potentially leading to additional charges for the guest.
Clear and concise instructions provided to guests outlining responsible utility usage practices during their stay.
Software platforms that help short-term rental hosts track, manage, and automate utility bills for their properties.
Forecasts of expected utility expenses for a short-term rental property, considering factors like seasonality, occupancy rates, and energy efficiency.
The practice of installing separate meters for individual units or areas within a property to track and bill utility usage separately.