A tax applied to commercial properties, which may include short-term rentals in certain jurisdictions. Hosts should be aware of their local tax obligations and factor this into their pricing and expenses.
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Glossary Terms
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A marketing approach that involves engaging members of a local community in promoting a business or service. This can be particularly effective for short-term rental hosts looking to connect with potential guests through authentic, local experiences.
A federal agency responsible for securing U.S. borders and facilitating legitimate travel and trade. While not directly involved in short-term rental regulations, their policies on travel documentation and visa requirements can impact international guests.
A type of psychotherapy that focuses on identifying and changing negative thought patterns and behaviors. While not directly related to short-term rental management, it can be a valuable tool for hosts dealing with stress, anxiety, or other mental health challenges associated with their business.
A non-profit organization that operates within and serves a specific geographical community, often advocating for local residents’ needs and interests, which can include issues related to short-term rentals.
An automated conversational interface used on booking platforms or by individual hosts to answer guest inquiries, provide property information, and assist with bookings.
A hypothetical software or platform that analyzes guest data to provide insights into booking patterns, preferences, and sentiment. This information can help hosts optimize their listings, pricing, and marketing strategies.
A tax transparency framework requiring multinational enterprises to report financial and operational information for each tax jurisdiction in which they operate. While not directly applicable to individual short-term rental hosts, it highlights the increasing global focus on tax transparency and data sharing, potentially impacting platforms like Airbnb and VRBO in...
A user interface designed to be easy and intuitive for anyone to use, regardless of their technical skills or experience.
A financial statement that shows the movement of cash both into and out of a business over a specific period.
Expenses associated with owning and maintaining a property, including mortgage payments, property taxes, insurance, and utilities.
A safety device mandatory in most short-term rentals that detects the presence of carbon monoxide, a colorless, odorless gas.