Virtual backgrounds used during online meetings, increasingly popular for remote property tours and guest interactions.
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Glossary Terms
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Zillow’s estimated market value of a property, often used as a reference point by hosts to assess their rental income potential.
Evaluating the performance of short-term rentals based on their location within specific zip codes, considering factors like demand and competition.
Data that a guest intentionally and proactively provides to a host or platform, such as preferences shared during booking.
Adhering to local government regulations that specify permitted uses of land and buildings, often impacting short-term rentals.
The use of software to automate communication with guests, such as sending booking confirmations, check-in instructions, and responding to frequently asked questions.
A legally binding contract between a host and a guest that outlines the terms and conditions of the short-term rental, including rental dates, payment terms, and house rules.
A refundable amount collected by hosts to cover potential damages or losses that may occur during a guest’s stay.
A set of guidelines and expectations established by hosts for guests staying at their short-term rental property, covering aspects like noise levels, smoking, and pet policies.
The process of verifying the identity of guests booking a short-term rental to enhance security and prevent fraudulent bookings.
A system that allows guests to access the rental property using a code, app, or other electronic means, eliminating the need for physical keys.
A device that detects the presence of people within a property, used for purposes like automating energy savings or monitoring occupancy limits.