The use of smart devices and technology to automate and remotely control aspects of a short-term rental property, such as thermostats, locks, lighting, and appliances, enhancing guest convenience and security while optimizing energy consumption.
Specialized insurance policies designed to cover property damage and liability specifically for short-term rental hosts, often providing more comprehensive coverage than traditional homeowner’s or renter’s insurance.
A pricing strategy used by short-term rental hosts to adjust their rates based on factors like location desirability, seasonality, local events, and competitor pricing within a specific geographical area.
Emerging patterns and shifts in the global travel industry that impact short-term rental demand, pricing, and guest preferences. These trends can include factors like the rise of remote work, sustainable travel, and the demand for unique experiences.
A digital or physical guide provided to guests upon arrival at a short-term rental. It typically includes information on house rules, Wi-Fi passwords, appliance instructions, local recommendations, and emergency contacts.
The process of confirming a guest’s identity and legitimacy before allowing them to book a short-term rental. This can involve verifying government-issued IDs, checking social media profiles, and screening against databases of known fraudsters.
The process of developing a comprehensive guidebook for guests, including information about the property, amenities, local attractions, transportation, and house rules.
A feature offered by some property management companies or platforms that guarantee a minimum number of bookings or rental income for a specific period.
Reservations made for multiple guests traveling together, such as families, friends, or corporate groups, often requiring larger properties or specific amenities.
The total revenue generated from short-term rental bookings before deducting any expenses such as cleaning fees, platform commissions, or management fees.
The use of eco-friendly and sustainable cleaning products and practices to minimize environmental impact while maintaining a clean and healthy environment for guests.
The practice of listing a short-term rental property on multiple online travel agencies (OTAs) and booking platforms to reach a wider audience and increase booking potential.
BNBVIBE is the top choice for your Idaho short term rental property management solution
email us: hi@bnbvibe.com
Call us: 208-366-5905
