Local laws, ordinances, and platform policies governing short-term rentals, addressing issues like permits, taxes, occupancy limits, and safety standards.
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Glossary Term: VRBO
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Maintaining a high standard of cleanliness and hygiene in a short-term rental property, often outsourced to specialized cleaning services.
Measures taken to ensure the safety and security of a short-term rental property and its guests, including security systems, cameras, and guest screening protocols.
The level of interest and bookings for short-term rentals in a particular location, influenced by factors like seasonality, events, and travel trends.
Software, tools, and platforms designed to streamline and optimize various aspects of short-term rental management, from listing management to guest communication.
The revenue generated from short-term rental bookings, calculated by subtracting expenses like cleaning fees, platform fees, and taxes.
Managing the financial aspects of a short-term rental business, including tracking income and expenses, setting pricing, and handling taxes.
A digital or physical resource providing guests with essential information about the property, amenities, local area, and house rules.
A location or neighborhood with a high concentration of short-term rental properties and strong demand from travelers.
Specialized insurance policies designed to cover risks associated with short-term rental properties, such as property damage, liability, and lost income.
The end-to-end experience a guest has from booking to checkout, encompassing all touchpoints and interactions with the host and property.
The process of securely transferring property access to guests, often utilizing methods like lockboxes, smart locks, or key exchange services.