Forecasts of expected utility expenses for a short-term rental property, considering factors like seasonality, occupancy rates, and energy efficiency.
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Glossary Term: Utilities
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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.
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.
Connections provided at an RV park or campsite for essential utilities, typically including electricity, water, and sewer.
Essential services such as electricity, gas, water, and sewage that are typically provided by local government agencies or private companies to short-term rental properties.
The recurring costs associated with running a short-term rental, including cleaning fees, property management fees, utilities, and maintenance.
The expenses incurred in the day-to-day running of a short-term rental property, excluding major renovations or capital expenditures.
The ongoing expenses associated with running a short-term rental business, excluding the cost of acquiring the property. This includes items like utilities, maintenance, and property management fees.
The costs associated with providing essential utilities at a short-term rental property, including electricity, gas, water, sewage, and internet, which are typically factored into the rental price or charged separately.