A refundable amount held by the host to cover potential damages or losses incurred by the guest during their stay.
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Glossary Term: Vacation Rental
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A booking made directly through a vacation rental property’s website or other channels owned by the property manager, bypassing third-party platforms.
Promoting vacation rental properties and engaging with potential guests through social media platforms like Instagram, Facebook, and Pinterest.
Having plans and procedures in place to handle emergencies that may arise at a vacation rental property, such as natural disasters, medical emergencies, or security incidents.
Expenses associated with providing essential amenities and consumables for guests, such as toiletries, linens, cleaning supplies, and welcome gifts.
The management of all financial aspects of a vacation rental property, including income, expenses, taxes, and insurance.
A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats of a vacation rental business.
Effective and timely communication with guests before, during, and after their stay at a vacation rental property, including booking confirmations, check-in instructions, and post-stay feedback.
The overall experience of a guest staying at a vacation rental property, encompassing all aspects of their stay from pre-arrival to post-departure.
Specialized insurance coverage designed to protect vacation rental property owners and managers from risks associated with renting out their properties.
The overall attractiveness and desirability of a vacation rental property to potential guests, influencing booking decisions and guest satisfaction.
Keeping track of all furniture, appliances, amenities, and other items provided in a vacation rental property to ensure everything is in working order and accounted for.