Insurance coverage specifically designed for short-term rental properties, protecting against liabilities, property damage, and loss of income.
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Glossary Terms
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A yearly assessment of a short-term rental property’s performance, including financial analysis, guest feedback review, and identification of areas for improvement.
A comprehensive record of all expenses incurred in a year related to a short-term rental property, including mortgage payments, utilities, maintenance, and supplies.
Proactively anticipating and fulfilling guest needs before they arise, going beyond expectations to create a memorable experience.
A long-term guest who books a short-term rental for an extended period, providing consistent income and occupancy during slower seasons.
The total income generated by a short-term rental property from guest bookings within a year, excluding any expenses or fees.
A cleaning fee that is spread out over multiple bookings, typically calculated based on the average cleaning cost per stay and the expected booking frequency.
A popular brand of smart speaker that can be integrated into a short-term rental, allowing guests to control smart home features, play music, set alarms, and access information using voice commands.
A trade association representing the timeshare and resort development industry, providing advocacy, education, and networking opportunities to its members.
A pass or ticket provided to guests of a short-term rental, granting access to local attractions, museums, theme parks, or recreational facilities, enhancing the guest experience.
A high-quality sound system installed in a short-term rental, often featuring Bluetooth connectivity, multi-room audio capabilities, and powerful speakers, allowing guests to enjoy music throughout the property.
A professional organization for interior designers, offering resources and credentials to enhance the design and functionality of spaces, including short-term rental properties.