A certification program offered by Bureau Veritas, a global testing, inspection, and certification company, that assesses and verifies the quality, safety, and sustainability of products, services, and systems within various industries, including short-term rentals.
Glossary Terms
Providing large, cost-effective quantities of essential amenities like toiletries, coffee, and cleaning supplies, often preferred by short-term rental hosts to minimize replenishment trips and reduce costs.
A plan outlining how a business will continue operating during unexpected disruptions, such as natural disasters or power outages, important for minimizing downtime and financial losses.
Unique and desirable amenities that generate excitement and attract guests, such as hot tubs, game rooms, or outdoor entertainment areas.
A real estate investment strategy where a property is purchased specifically to rent out, often used for long-term rentals but applicable to short-term rentals as well.
The concept that small changes, such as a positive review or improved listing description, can have a significant impact on the success of your short-term rental business.
A small room or area located between the kitchen and dining room, often included in luxury rentals, used for storing servingware, preparing food, and drinks.
The process of determining the economic value of a business, often used when selling or merging a short-term rental business.
An online tool that helps you generate catchy and memorable business names, useful for branding your short-term rental business.
A type of insurance that covers lost income and expenses if your business is interrupted by a covered event, such as property damage or natural disaster.
An international inspection, certification, and testing organization that may offer services related to short-term rental safety and compliance.
A real estate agent who represents the buyer in a real estate transaction, assisting with property search, negotiation, and closing.