A charge imposed on guests if their utility usage exceeds a predetermined threshold or allowance during their stay.
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Glossary Terms
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A pricing strategy where the rental rate includes all utility costs, simplifying the booking process for guests.
Regularly tracking and analyzing utility consumption data to identify trends, anomalies, and potential areas for optimization.
Professional assessments of a property’s energy and water consumption patterns to identify areas for improvement and cost savings.
The essential systems that provide water, electricity, gas, and waste disposal services to a short-term rental property.
Disagreements or conflicts that may arise between hosts, guests, or utility providers regarding the accuracy or responsibility for utility charges.
A predetermined amount of money included in the rental rate to cover a portion or all of the expected utility costs for a guest’s stay.
Recommendations and best practices for reducing utility consumption in a short-term rental property, such as using energy-efficient appliances or promoting mindful usage to guests.
Being open and upfront with guests about expected utility consumption and any associated costs or guidelines for their stay.
The practice of installing separate meters for individual units or areas within a property to track and bill utility usage separately.
Forecasts of expected utility expenses for a short-term rental property, considering factors like seasonality, occupancy rates, and energy efficiency.
Software platforms that help short-term rental hosts track, manage, and automate utility bills for their properties.