The process of verifying the identity and background of potential guests to minimize risks for short-term rental hosts.
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Glossary Term: VRBO
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Hungarian term for “Property Cleaning,” highlighting the essential role of maintaining high cleanliness standards in short-term rental properties for guest satisfaction.
The collective businesses and organizations involved in providing services and experiences for travelers, including short-term rentals.
Hungarian term for “Property Maintenance,” emphasizing the importance of proactive upkeep and repairs to ensure the functionality and appeal of short-term rental properties.
Specific periods of the year when a destination experiences a surge in tourist activity and higher demand for short-term rentals.
Hungarian term for “Property Communication,” referring to the effective exchange of information between hosts and guests regarding booking details, check-in instructions, and other essential aspects of the short-term rental experience.
Hungarian term for “Property Revenue,” referring to the income generated from short-term rental bookings on platforms like Airbnb and VRBO.
Connecting and managing listings across multiple platforms, like Airbnb and VRBO, to maximize visibility and bookings.
Hungarian term for “Property Expense,” encompassing the various costs associated with owning and operating a short-term rental property, including cleaning fees, maintenance expenses, and platform fees.
Hungarian term for “Regulatory Zone,” referring to specific geographical areas with unique rules and regulations for short-term rentals, often found in cities like Budapest.
Hungarian term for “Property Taxation,” referring to the specific tax obligations and regulations applicable to short-term rental income in different jurisdictions.
Hungarian term for “Seasonal Pricing,” referring to the practice of adjusting short-term rental rates based on fluctuating demand during different times of the year.