Dynamic pricing models used by hosts and property managers to adjust rental rates based on factors like demand, seasonality, competitor pricing, and special events.
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Glossary Terms
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Cleaning services arranged on an as-needed basis for short-term rental properties, often used for last-minute bookings or between guest stays.
Desirable features and facilities located in close proximity to a short-term rental property, such as parks, restaurants, shopping centers, or public transportation.
A portion of the total booking cost that guests are typically required to pay upfront to secure their reservation for a short-term rental property.
A charge levied by some property management companies or platforms to cover the administrative costs associated with managing a short-term rental property.
The crucial responsibility of short-term rental operators to comply with all applicable laws, zoning ordinances, and permitting requirements imposed by their local government or municipality.
Value-added offerings provided by hosts or property managers to enhance the guest experience, such as airport transfers, grocery delivery, or local tour arrangements.
The essential protection for short-term rental hosts, encompassing liability coverage, property damage protection, and potential legal expenses arising from guest-related incidents.
The centralized interface within a property management software or platform where hosts and managers can control various aspects of their listings, bookings, and guest communication.
The practice of repurposing existing buildings or spaces for short-term rental accommodations, often involving the renovation or conversion of older structures.
A security measure employed by short-term rental platforms to confirm the legitimacy of both hosts and guests by verifying their provided addresses.
A desirable characteristic of short-term rental properties, referring to their proximity to popular tourist attractions, landmarks, or points of interest.