Insurance or security deposits that protect hosts from potential financial losses due to accidental or intentional damage caused by guests.
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Glossary Term: VRBO
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The process of verifying the identity and assessing the risk of potential guests before confirming a booking.
Implementing eco-friendly practices in short-term rental operations, such as energy conservation, waste reduction, and responsible sourcing.
The integration of devices and systems that automate and control various aspects of a short-term rental property, enhancing guest experience and convenience.
A popular travel search engine that allows users to compare prices for flights, hotels, and rental cars, including short-term rentals listed on platforms like Airbnb and VRBO.
A software solution that allows hosts to manage listings, bookings, and calendars across multiple short-term rental platforms from a central dashboard.
The interaction between hosts and guests throughout the booking process and during their stay, encompassing inquiries, confirmations, check-in instructions, and support.
A pricing strategy that adjusts rental rates in real-time based on factors like demand, seasonality, and competitor pricing.
Feedback provided by guests after their stay, reflecting their experience and influencing the perception of a short-term rental property.
Adhering to local regulations, permits, and tax requirements related to short-term rentals in a specific jurisdiction.
Automating guest communication through platforms like Airbnb and VRBO, sending pre-written messages at specific times, such as check-in instructions or local recommendations.
Managing listings across multiple platforms like Airbnb, VRBO, and Booking.com to reach a wider audience and optimize bookings.