The promotion of short-term rentals through personal recommendations and referrals from satisfied guests.
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Glossary Terms
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A type of short-term rental where guests have exclusive access to an entire property, including bedrooms, bathrooms, kitchen, and living areas.
A pricing strategy where higher rates are charged for stays that include weekends (Friday and Saturday nights) due to increased demand.
A physical or digital guide provided to guests upon arrival, containing essential information about the property, amenities, house rules, local recommendations, and emergency contacts.
A predetermined amount deducted from a security deposit or rental income to cover the normal depreciation of property and furnishings due to guest use.
Optimizing the booking process on platforms like Airbnb and VRBO to minimize the number of clicks required, providing a seamless and user-friendly experience for potential guests.
Implementing a budgeting method where all expenses are justified and allocated from a zero base each period, ensuring efficient financial management and cost control for short-term rentals.
Creating a low-maintenance outdoor space using drought-tolerant plants, gravel, or artificial turf, minimizing upkeep costs and ensuring a presentable exterior.
Renovating bathrooms to include zero-threshold showers, improving accessibility for guests with mobility issues and enhancing safety and convenience.
Creating a dedicated workspace within the rental with high-speed internet, a comfortable desk and chair, and adequate lighting, catering to the needs of remote workers and business travelers.
Providing guests with information and access to eco-friendly transportation options, such as electric car rentals, bike rentals, or public transportation passes, promoting sustainable travel.