The practice of listing a property on multiple short-term rental platforms simultaneously to maximize occupancy and reach a wider audience.
Glossary Term: VRBO
Software used to manage and automate interactions with guests, including communication, bookings, and feedback. It helps build stronger guest relationships and improve retention.
A specific nightly rate set for a specific period, event, or guest. It allows hosts to adjust pricing based on demand fluctuations and special circumstances.
The visual attractiveness of a property from the street, which can significantly influence a potential guest’s first impression and decision to book.
The maximum number of guests allowed to stay at a property at any given time. It’s important for safety, comfort, and compliance with local regulations.
The terms and conditions that outline the penalties and refunds for guests and hosts in case of booking cancellations on platforms like Airbnb and VRBO.
A software solution that allows property managers to manage their listings and bookings across multiple short-term rental platforms like Airbnb, VRBO, and Booking.com from a central dashboard.
A one-time fee charged to guests to cover the cost of cleaning the property after their stay. This fee is separate from the nightly rate.
A method of check-in that allows guests to access the property without physically meeting the host or a property manager, typically through keyless entry systems or lockboxes.
A feature within a property management platform that consolidates guest communication from multiple channels, such as Airbnb, VRBO, and email, into a single inbox.
A nickname for the U.S. state of Colorado, a popular destination for short-term rentals due to its natural beauty and outdoor recreation opportunities.
A percentage of the booking revenue charged by property management companies or platforms like Airbnb and VRBO for their services.