A measure of the profitability of a short-term rental property, calculated as the annual rental income divided by the property value, expressed as a percentage.
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Glossary Terms
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An online marketplace that connects hosts listing short-term rental properties with potential guests, such as Airbnb, VRBO, or Booking.com.
An arrangement where a host rents out a room or portion of their primary residence to a short-term guest, often offering a more affordable accommodation option.
Taxes levied on short-term rental income by local or state governments, often subject to specific regulations and collection methods.
A popular interior design feature characterized by horizontal wooden boards, often used in short-term rentals to create a cozy or rustic aesthetic.
Research conducted to understand the performance of the short-term rental market in a specific location, including occupancy rates, average daily rates, and seasonal trends.
Amenities that cater to the needs of Jewish guests observing Shabbat, such as a kosher kitchen, Shabbat elevator, or nearby synagogue.
A covered area at the entrance of a short-term rental property, providing protection from the elements for guests arriving or departing.
A legal authorization required in some jurisdictions for hosts to operate a short-term rental property.
A meticulously crafted listing on a short-term rental platform that highlights the best features of a property with compelling descriptions and high-quality photos.
A type of visa that allows travelers to stay in a country for a short period, often for tourism or business purposes, relevant for international guests.
An economic model based on the sharing of resources, such as homes or apartments, through online platforms like Airbnb and VRBO.