An accountant or tax advisor specializing in short-term rental income and expenses, providing guidance on tax obligations, deductions, and compliance.
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Glossary Term: VRBO
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A type of insurance that protects travelers and hosts from financial losses due to unexpected events, such as trip cancellations, medical emergencies, or property damage.
High-quality photographs that showcase the best features of a short-term rental property, designed to attract potential guests and accurately represent the space.
Any interaction a guest has with your short-term rental business, from initial inquiry to post-stay review, representing an opportunity to enhance their experience.
Online platforms like Airbnb and VRBO that cater to a large volume of tourists seeking short-term accommodations.
A charge levied on overnight visitors by local governments or tourism boards, often added to the cost of accommodation and used to fund tourism-related services.
A pricing strategy where the total cost for a short-term rental stay is split into a base rate and additional fees, such as cleaning fees or extra guest charges.
A popular travel website that provides reviews and information on hotels, restaurants, and attractions, including short-term rental listings.
The complete amount a guest pays for their stay in a short-term rental, including the nightly rate, cleaning fees, taxes, and any other applicable charges.
A feedback mechanism used by platforms like Airbnb and VRBO, allowing both guests and hosts to publicly rate and review their experiences with each other.
A fully furnished and equipped short-term rental property that is ready for immediate occupancy by guests, requiring minimal setup or management from the owner.
The average or expected price range for a short-term rental property in a specific location and time period, based on factors like demand, seasonality, and property type.