A type of short-term rental where guests have exclusive access to an entire property, including all living spaces, bedrooms, and amenities.
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Glossary Terms
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A dedicated website for a short-term rental property, providing detailed information, photos, availability calendars, and a direct booking engine for potential guests.
A comprehensive guide provided to guests upon arrival at a short-term rental, containing essential information about the property, amenities, house rules, and local recommendations.
A remote administrative professional specializing in assisting short-term rental hosts with tasks like guest communication, booking management, and scheduling.
The practice of analyzing data and implementing strategies to maximize revenue and occupancy rates for a short-term rental property, similar to revenue management in the hotel industry.
Digital tools and platforms designed to streamline various aspects of short-term rental management, including channel management, guest communication, and financial tracking.
Local laws, ordinances, and restrictions imposed by municipalities or homeowners’ associations that govern the operation of short-term rentals, including permitting requirements and occupancy limits.
The charges imposed by online platforms like Airbnb and VRBO on hosts for listing their properties and processing bookings, typically calculated as a percentage of the rental income.
Research conducted to understand the performance of short-term rentals in a specific location, including factors like occupancy rates, average daily rates, and competitor analysis.
Specialized insurance coverage designed for short-term rental properties, protecting hosts from liabilities and damages beyond what traditional homeowner’s or renter’s insurance typically covers.
A legally binding contract outlining the terms and conditions of a short-term rental agreement between the host and guest, covering aspects like payment, house rules, and liability.