A community or platform where short-term rental hosts, property managers, and industry professionals can connect, share knowledge, and access resources.
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Glossary Terms
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A comprehensive cleaning and sanitation process for short-term rentals that goes above and beyond standard procedures, often emphasizing hygiene and guest safety.
A dynamic pricing strategy that adjusts rental rates based on real-time market demand, seasonality, and competitive listings, often using algorithms and data analysis.
Providing a guest experience tailored to individual preferences and needs, similar to the personalized service offered by a close acquaintance.
A listing strategy where a host promotes their property across multiple short-term rental platforms, like Airbnb and VRBO, to maximize visibility and bookings.
A property management software designed for short-term rentals, offering features like channel management, booking automation, and guest communication tools.
The connection and data synchronization between short-term rental management software and other platforms or tools, such as channel managers, dynamic pricing engines, or cleaning services.
The total income generated from short-term rental bookings, calculated by multiplying the nightly rate by the number of booked nights, before deducting expenses.
The process of verifying the identity and assessing the trustworthiness of potential guests before confirming their bookings, often involving background checks or ID verification.
The percentage of time a short-term rental property is booked over a specific period, indicating its popularity and revenue-generating potential.
A business arrangement where two or more parties, such as property owners and management companies, pool their resources and expertise to operate short-term rentals.
Methods of resolving disputes between short-term rental hosts and guests outside of court, such as mediation or arbitration, often facilitated by platforms like Airbnb or VRBO.