A legally binding contract between the property owner/manager and the guest, outlining the terms and conditions of the stay.
Glossary Terms
The specific group of travelers a short-term rental property is aimed at attracting, based on factors like location, amenities, and pricing.
Measures taken to ensure the safety and security of guests and the property, such as installing smoke detectors, carbon monoxide detectors, and security cameras.
Strategies and techniques used to maximize revenue from short-term rental properties, including pricing optimization and occupancy management.
Implementing systems and procedures to ensure the consistent quality of short-term rental properties and guest experiences.
Specialized software designed to help manage various aspects of short-term rentals, including bookings, guest communication, and finances.
The use of devices to monitor noise levels within a short-term rental property and prevent disturbances to neighbors.
Researching and understanding the local short-term rental market, including competitor pricing, occupancy rates, and guest demographics.
Adhering to all local laws and regulations related to short-term rentals, including zoning ordinances, taxes, and safety requirements.
A system that allows guests to access a property without a physical key, using methods like keypads, smart locks, or mobile apps.