Distinctive characteristics or amenities that make a short-term rental stand out from the competition, such as a private pool, hot tub, stunning views, or unique architectural design.
Menu
Glossary Terms
7237 posts
The characteristics and preferences of individuals who use platforms like Airbnb and VRBO to book short-term rentals, including age, location, travel purpose, and budget.
A regular plan for cleaning, maintaining, and inspecting a short-term rental property to ensure it remains in optimal condition for guests and minimizes the risk of potential issues.
Evaluations and feedback provided by guests who have stayed at a short-term rental, reflecting their overall experience and influencing the booking decisions of potential guests.
Unexpected events or situations that can disrupt short-term rental operations, such as natural disasters, pandemics, or personal emergencies, requiring flexibility and contingency planning.
A type of liability insurance that provides additional coverage beyond the limits of a host’s primary insurance policies, protecting them from potential risks associated with renting out their property.
The initial expenses incurred by hosts before listing and renting out their property on platforms like Airbnb and VRBO, including cleaning fees, photography, and listing fees.
A set of rules and instructions provided to guests outlining acceptable behavior, property usage limits, and other important information to ensure a respectful and enjoyable experience for all.
Unexpected repairs or maintenance tasks that require immediate attention to ensure the safety, security, and comfort of guests staying at a short-term rental.
Additional services or amenities that guests can choose to add to their booking for an extra fee, providing flexibility and customization to their stay.
The process of managing and paying for utilities, such as electricity, gas, water, and internet, associated with a short-term rental property, ensuring smooth operations and guest satisfaction.
The financial analysis of a single short-term rental unit, considering factors such as revenue, expenses, occupancy rates, and return on investment, to determine its profitability.