A type of short-term rental where guests have exclusive access to an entire property, including all bedrooms, living areas, kitchen, and bathrooms, providing privacy and a home-away-from-home experience.
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Glossary Terms
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The nightly or total price charged for a short-term rental stay that falls on a Monday through Thursday night, often set at a lower rate compared to weekend rates due to lower demand.
A comprehensive document or digital resource provided to guests upon booking or arrival, containing essential information about the short-term rental, local area, house rules, and contact details.
A type of insurance coverage that protects short-term rental owners from financial losses caused by water damage to their property, typically covering repairs, replacement costs, and loss of rental income.
Coverings used on windows to enhance privacy, control light, and add a decorative touch to a short-term rental, such as curtains, blinds, or shades.
The process of preparing a short-term rental property for the winter season, especially in colder climates, to prevent damage from freezing temperatures, such as draining pipes, insulating pipes, and covering outdoor furniture.
Organic promotion generated by satisfied guests who recommend a short-term rental to their friends, family, or colleagues, often through online reviews, social media posts, or personal referrals.
A short-term rental property specifically marketed towards remote workers or digital nomads, offering amenities and features conducive to productivity and extended stays, such as dedicated workspaces, high-speed internet, and comfortable living areas.
A standard amenity expected by most short-term rental guests, providing wireless internet access throughout the property for work, entertainment, and staying connected.
A metric that measures how easily guests can access nearby amenities and attractions from a short-term rental on foot, often highlighted in listings to attract travelers seeking convenience and local experiences.
An online platform or software that allows short-term rental owners to create and manage their own websites for direct bookings, showcasing their properties and bypassing third-party platforms.
The nightly or total price charged for a short-term rental stay that includes a Friday and/or Saturday night, often set at a premium compared to weekday rates due to higher demand.