A strategy where hosts purchase or rent properties in areas with lower property prices but high short-term rental demand, aiming to maximize profits.
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Glossary Term: VRBO
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Virtual backgrounds used during online meetings or property tours to showcase the short-term rental’s amenities or create a professional setting.
Creating a calming and relaxing atmosphere within a short-term rental using elements like neutral colors, natural light, and comfortable furnishings.
Refers to a type of listing on Airbnb or VRBO where the rental unit is a suite within a larger property, typically with a private entrance and some shared amenities.
A term used to describe a deck or patio area that is specifically highlighted as a feature of a short-term rental property on platforms like Airbnb and VRBO.
The process by which platforms like Airbnb and VRBO enforce consequences for violations of their terms of service, such as unauthorized parties or property damage.
A situation where a guest makes a booking on a short-term rental platform like Airbnb or VRBO, but the reservation is later canceled or never actually existed. This can be due to various reasons, including fraudulent activity or technical errors.
A short-term rental property where the owner resides on-site during a guest’s stay, typically in a separate unit or area.
A monthly or quarterly report provided by Airbnb or VRBO to property owners, detailing reservation details, payouts, and fees.
The exchange of information and interaction between a short-term rental owner/manager and their guests, encompassing pre-booking inquiries, booking confirmations, check-in instructions, and post-stay feedback.
The fluctuation of short-term rental pricing during the COVID-19 pandemic and its aftermath, often characterized by initial dips followed by significant increases.
A pricing strategy where short-term rental rates are dynamically adjusted based on the specific listing platform or channel, such as Airbnb, VRBO, or Booking.com, to optimize occupancy and revenue.