A plan for setting competitive and profitable rental rates for a short-term rental property based on factors like seasonality, demand, and competition.
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Glossary Term: VRBO
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The process of vetting potential guests before accepting a booking to minimize risks and ensure a safe and enjoyable experience for both hosts and guests.
Specialized software designed to help hosts manage their short-term rental properties more efficiently, often including features like booking management, calendar synchronization, and automated messaging.
Adhering to all local laws, regulations, and taxes related to short-term rentals, including permits, licenses, and occupancy limits.
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.
Minimizing periods of unavailability for short-term rentals by streamlining operations, having backup plans in place, and ensuring quick turnaround times between bookings.
Utilizing Internet of Things (IoT) devices, such as smart locks, security cameras, or motion sensors, to enhance the safety and security of short-term rental properties for both guests and hosts.
The various platforms and strategies used to promote and market a short-term rental property to potential guests.