Adhering to all local laws, regulations, and taxes related to short-term rentals, including permits, licenses, and occupancy limits.
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Glossary Term: VRBO
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Obtaining adequate insurance protection for a short-term rental property, including coverage for property damage, liability, and potential guest injuries.
The overall impression and satisfaction level of guests staying at a short-term rental property, encompassing factors like communication, cleanliness, amenities, and overall comfort.
Software or tools that help hosts optimize their pricing and availability to maximize revenue from their short-term rental properties.
A standalone website created by a host to allow guests to book their short-term rental property directly, bypassing third-party platforms like Airbnb and VRBO.
A software solution that allows hosts to manage their short-term rental listings across multiple platforms like Airbnb, VRBO, Booking.com, and others from a centralized dashboard.
A set of guidelines and expectations established by hosts for guests staying at their short-term rental property, typically covering areas like noise levels, smoking, pets, and check-in/check-out procedures.
A feature on Airbnb and VRBO that allows guests to book a short-term rental instantly without needing host approval.
A refundable amount of money collected by hosts from guests before their stay to cover potential damages or losses to the short-term rental property.
Refers to the uptime and reliability of the server where a short-term rental listing is hosted on platforms like Airbnb and VRBO. High availability ensures that potential guests can access listing information without interruption.
Offering a flexible and guest-friendly refund policy for short-term rentals, providing peace of mind to potential guests and increasing booking confidence.
A budgeting method where short-term rental hosts start from scratch each month or season, justifying every expense and aligning it with their financial goals.