Exploring and implementing additional income streams beyond nightly rentals, such as offering experiences, early check-in/late check-out options, or partnering with local businesses.
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Glossary Term: VRBO
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The growing trend of travelers actively seeking out accommodations with distinctive features, themes, or locations beyond standardized hotel rooms, often through platforms like Airbnb and VRBO.
The process of calculating the profitability of a short-term rental property by measuring the financial returns (rental income, appreciation) against the investment costs (mortgage, maintenance, fees).
A specialized service catering to short-term rental hosts, providing high-quality linens like sheets, towels, and bathrobes, often with laundry and delivery included.
A marketing term used to highlight the experience of living like a local while staying in a short-term rental, immersing oneself in the neighborhood and its culture.
Refers to the rental policies set by hosts or property managers that are designed to be flexible and accommodating to guests, such as flexible cancellation policies or pet-friendly rules.
High-quality, durable, and stylish furniture pieces selected to enhance guest comfort and elevate the overall aesthetic appeal of a short-term rental property.
Promptly requesting and responding to guest feedback after their stay to improve the rental experience and address any concerns.
Search filters used on platforms like Airbnb and VRBO that allow guests to narrow down their search results based on specific criteria, such as dates, location, and amenities.
Promptly following up with potential guests after an inquiry or booking request to answer questions, confirm details, and secure the reservation.
Short-term rental properties that are equipped and marketed to cater to the needs of families with children, offering amenities like cribs, high chairs, and toys.
Providing guests with clear and concise instructions on how to use appliances, access amenities, and follow house rules to ensure a smooth and comfortable stay.