Laws, rules, and guidelines set by local governments or homeowners’ associations that govern short-term rentals, including licensing, safety, and taxation.
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Glossary Terms
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Additional perks or services offered to guests free of charge, such as toiletries, snacks, Wi-Fi, or access to amenities like a pool or gym.
A formal request made by a guest or host to Airbnb or VRBO for financial reimbursement due to damages, injuries, or other issues covered by their respective insurance or guarantee programs.
The effects, both positive and negative, that short-term rentals can have on the local community, including housing affordability, noise levels, and neighborhood character.
Rules and expectations set by Airbnb and VRBO for guest behavior within a property and the surrounding community.
Online platforms or groups where short-term rental hosts and managers can connect, share advice, discuss industry trends, and seek support.
A professional laundry service specifically catering to businesses, often used by short-term rental hosts to ensure high-quality linen and towel cleaning.
A report that compares similar short-term rental properties in the same location to determine a competitive rental rate.
A centralized platform or dashboard that provides a comprehensive overview of all aspects of short-term rental management, including bookings, guest communication, cleaning schedules, and financial performance.
A desirable property feature indicating proximity to public transportation options such as bus stops, train stations, or subway lines, making it convenient for guests to navigate the destination without relying heavily on cars.
Positive reviews and feedback from satisfied homeowners who have used a short-term rental management service. Testimonials can build trust and credibility for property managers, showcasing their expertise and the benefits of their services.
The process of welcoming and integrating new short-term rental owners who have hired a property manager or management company. This typically involves gathering property details, setting expectations, and establishing communication protocols.