Anchor Guest
A long-term guest who books a short-term rental for an extended period, providing consistent income and occupancy during slower seasons.
Anticipatory Service
Proactively anticipating and fulfilling guest needs before they arise, going beyond expectations to create a memorable experience.
Annual Expense Report
A comprehensive record of all expenses incurred in a year related to a short-term rental property, including mortgage payments, utilities, maintenance, and supplies.
Annual Property Review
A yearly assessment of a short-term rental property’s performance, including financial analysis, guest feedback review, and identification of areas for improvement.
Annual Homeowner’s Insurance
Insurance coverage specifically designed for short-term rental properties, protecting against liabilities, property damage, and loss of income.
Annual Tax Reporting
The process of reporting income and expenses related to a short-term rental property on annual tax returns, complying with relevant tax regulations.
Annual Marketing Plan
A strategic outline of marketing activities aimed at attracting guests to a short-term rental property throughout the year, including online advertising, social media promotion, and
Annual Maintenance Schedule
A proactive plan outlining regular maintenance tasks for a short-term rental property, ensuring its upkeep and minimizing potential issues.
Annualized Return on Investment (ROI)
A measure of the profitability of a rental property, calculated by dividing the annual net income by the total investment and expressing the result as
Anchor Tenant
In a vacation rental context, an anchor tenant refers to a long-term guest who provides consistent income, often during the off-season or shoulder season.
Android Pay
A digital wallet platform developed by Google that allows guests to make secure and contactless payments for their short-term rental bookings.
Anti-Discrimination Policy
A set of guidelines that prohibits hosts from discriminating against guests based on race, religion, national origin, disability, sex, gender identity, or other protected characteristics.
Annual Gross Revenue
The total revenue generated by a short-term rental property in a year, before deducting any expenses.
Annual Home Maintenance
Regular upkeep and repairs required to keep a short-term rental property in good condition, typically performed on an annual basis.
Angel Investor
An individual who provides financial backing for a short-term rental business, typically in exchange for equity ownership or convertible debt.
Annual Percentage Rate (APR)
The annual cost of borrowing money, expressed as a percentage rate that includes interest and other fees, often associated with financing a short-term rental property.
Annual Property Taxes
Taxes levied on the assessed value of a short-term rental property by local governments, typically paid on an annual basis.
Annual Travel Insurance
A type of insurance policy that provides coverage for unexpected events, such as trip cancellations or medical emergencies, that may occur during a short-term rental
Annualized Occupancy Rate
The projected percentage of time a short-term rental property is expected to be occupied over a year, taking into account seasonal fluctuations and historical data.
Applicant Tracking System (ATS)
Software used by property managers to streamline the process of finding and screening potential guests for short-term rentals.
Appliance Maintenance
Regular upkeep and repair of appliances in a short-term rental property, such as refrigerators, ovens, dishwashers, and laundry machines, to ensure functionality and guest satisfaction.
April Occupancy Rate
The percentage of a short-term rental property that is booked during the month of April, often considered a shoulder season month in many destinations.
Appraisal Value
The estimated market value of a short-term rental property as determined by a qualified appraiser, often used for financing, insurance, or investment purposes.
Apartment Lease Agreement
A legally binding contract between a landlord and a tenant outlining the terms and conditions of renting an apartment, which may include restrictions on short-term
Applicable Taxes
Local, state, and federal taxes that apply to short-term rental income and operations, such as lodging taxes, sales taxes, and income taxes.
Appliance Warranty
A contract that provides coverage for repairs or replacements of appliances in a short-term rental property, protecting hosts from unexpected expenses.
App Store Optimization (ASO)
The process of optimizing a mobile app’s listing in app stores, such as the Apple App Store or Google Play Store, to improve its visibility
April Fool’s Day Promotion
A marketing campaign or special offer run by short-term rental hosts around April Fool’s Day to generate bookings and increase brand awareness.
April Travel Trends
Patterns and insights into traveler behavior and preferences during the month of April, influencing pricing, marketing, and property preparation strategies for short-term rental hosts.
App-Based Access
Using a mobile application to control access to a short-term rental property, allowing for keyless entry and enhanced security.
Applicant Screening
The process of reviewing and verifying information provided by potential guests to assess their suitability for booking a short-term rental.
Appointment Scheduling Software
Tools that streamline the booking process for services like cleaning, maintenance, or guest experiences.
Appliance Inventory
A detailed list of all appliances included in a short-term rental property, along with their model numbers, purchase dates, and warranty information.
Appeal Process
The formal procedure for challenging a decision made by a platform like Airbnb or VRBO, such as a booking cancellation penalty or a negative review.
April Revenue
The total income generated from short-term rental bookings during the month of April.
Applicable Laws
Local, regional, and national regulations that govern short-term rental operations, including zoning restrictions, licensing requirements, and tax obligations.
Applicant Background Check
A security measure used by hosts to verify the identity and criminal history of potential guests before confirming a booking.
Appraisal Approach
A method used to determine the fair market value of a property, considering factors like location, condition, and recent sales of comparable properties.
Aquatics Safety
Measures taken to ensure the safety of guests using pools, hot tubs, or other water features at a short-term rental property. This includes providing safety
Aquatherapy Amenities
Luxury features offered at some short-term rentals that involve water-based treatments or relaxation, such as hot tubs, Jacuzzis, or swim spas. These amenities can enhance
Aquatics Certification
Specialized training and certification programs for staff responsible for the safety and supervision of guests using pools, hot tubs, or other water features at short-term
Aquatics Equipment
Items provided at short-term rental properties with pools, hot tubs, or waterfront access, such as pool floats, life jackets, towels, and safety equipment.
Aquatics Liability
The legal responsibility of short-term rental hosts and property managers for accidents, injuries, or deaths that occur in or around swimming pools, hot tubs, or
Aquatics Maintenance
Regular upkeep and cleaning of swimming pools, hot tubs, and other water features at short-term rentals to ensure their safety and functionality.
Aquatics Rules
Specific guidelines and regulations regarding the use of swimming pools, hot tubs, or other water features at short-term rental properties to ensure guest safety and
Aquatics Safety Features
Physical elements incorporated into the design and operation of pools, hot tubs, and water features at short-term rentals to minimize risks and enhance guest safety.
Aquatics Waiver
A legal document signed by guests acknowledging the risks associated with using pools, hot tubs, or water features at short-term rentals and releasing the host
Aqualung Rental
The provision of scuba diving equipment, specifically aqualungs, for rent to guests staying at short-term rentals located near diving destinations.
Aquarium Proximity
A desirable feature of short-term rental properties located within close distance to public aquariums, enhancing their appeal to families and marine life enthusiasts.
Aquaponics System
A sustainable and eco-friendly feature of some short-term rentals, where fish and plants are grown together in a symbiotic system, providing fresh produce and a
Aquascaping Services
Professional services offered to short-term rental hosts or managers for the design, installation, and maintenance of aesthetically pleasing aquariums or water features within the property.
Aquatic-Themed Decor
Interior design elements and decorations inspired by water, marine life, or coastal living, commonly found in short-term rentals located near beaches, lakes, or oceans.
Aqueduct Views
A unique selling point for short-term rentals offering scenic views of historical or modern aqueducts, appealing to history buffs, architecture enthusiasts, and travelers seeking unique
Aquifer Recharge
Sustainable water management practices implemented by eco-conscious short-term rental hosts to replenish groundwater sources and minimize their environmental impact.
Aquarobics Classes
Fitness activities offered as an amenity at some short-term rentals with swimming pools, providing guests with low-impact exercise options and opportunities for social interaction.
Aquaculture Tours
Excursions or guided visits to nearby aquaculture farms or facilities, offered as an activity option for guests staying at short-term rentals in coastal or rural
Aquaplaning Equipment
Water sports gear, such as aquaplanes and tow ropes, provided by some short-term rentals for guests to enjoy on nearby lakes or oceans.
Aquarium Tickets
Discounted or complimentary admission tickets to local aquariums, offered as a perk by some short-term rental hosts to enhance guest experiences and provide added value.
Arrival Instructions
Detailed information provided to guests about how to access the property upon arrival, including check-in procedures, key codes, and any special instructions.
Arbitration Clause
A section in a rental agreement that requires disputes between the host and guest to be settled through binding arbitration instead of court.
Area Guide
A curated list of recommendations for local attractions, restaurants, and activities provided to guests to enhance their stay.
Artistic Decor
Unique and visually appealing interior design elements that enhance the aesthetic appeal of a short-term rental property.
Artisan Soap
High-quality, handcrafted soaps often provided as a luxurious amenity in short-term rentals.
Arrival Time
The designated time when guests are expected to arrive at the property for their stay.
Arrival Sensor
A device that detects the arrival of guests and can be used to automate actions like adjusting the thermostat or turning on lights.
Architectural Style
The design and construction style of a property, which can be a significant factor in attracting guests with specific preferences.
Art Walk
A local event where art galleries and studios are open to the public, often featured in area guides for short-term rentals.
Aromatic Diffusers
Devices used to disperse fragrant essential oils into the air, enhancing the ambiance of a short-term rental property.
Area Attractions
Points of interest, landmarks, and entertainment options located near a short-term rental property, often highlighted in listing descriptions and guest guides.
Architectural Digest
A prominent design and architecture magazine that can serve as inspiration for stylish and aspirational interior design in short-term rentals.
Art Deco Style
A visually distinctive design style characterized by geometric shapes, bold colors, and opulent details, often found in historic or renovated short-term rental properties.
Arboretum Access
Proximity or provided access to an arboretum, a botanical garden specializing in trees and woody plants, as an amenity for short-term rental guests.
Archaeological Sites
Locations of historical or cultural significance featuring remnants of past civilizations, potentially attracting history enthusiasts to nearby short-term rentals.
Arcade Games
Coin-operated entertainment machines featuring classic or modern video games, often found in short-term rentals catering to families or nostalgic guests.
Art Supplies
Materials provided for guests to engage in creative activities, such as drawing, painting, or crafting, adding a unique touch to a short-term rental.
Armchair Travel
The concept of experiencing different cultures and destinations through books, movies, or virtual tours, which can be incorporated into the theme or amenities of a
Arrival Experience
The overall impression and ease of access guests encounter upon arriving at a short-term rental, encompassing check-in procedures, property access, and initial impressions.
Artisan Markets
Local markets featuring handcrafted goods, unique souvenirs, and local produce, often recommended to short-term rental guests seeking authentic experiences.
Asset Protection
Strategies and measures taken to safeguard personal and business assets from potential liabilities and lawsuits. This is particularly important for short-term rental owners who may
Asynchronous Communication
A communication method where messages are not exchanged in real-time, allowing hosts and guests to respond at their convenience. Examples include emails, text messages, and
As-Is Clause
A provision in a rental agreement stating that the property is rented in its current condition, including any existing damage or defects.
Asset Depreciation
An accounting method that allows property owners to deduct a portion of the property’s value each year to account for wear and tear.
Ask a Host
A feature on Airbnb and VRBO that allows potential guests to contact hosts with questions before booking.
Assistive Devices
Equipment or modifications that enhance accessibility for guests with disabilities, such as ramps, grab bars, or visual fire alarms.
Astral Photography
Capturing stunning images of the night sky, often showcasing the Milky Way, stars, and celestial events, to enhance a property’s appeal.
Asynchronous Messaging
Communication methods like email or in-app messaging that allow hosts and guests to respond at their convenience, without requiring an immediate reply.
Asynchronous Booking
A booking system where guests can reserve a property without waiting for host confirmation, streamlining the booking process.
Asset Management Company
A third-party company that handles the day-to-day operations of a short-term rental property, including marketing, booking, guest communication, and maintenance.
Asymmetric Information
A situation where one party in a transaction has more information than the other, such as a host knowing more about the property’s condition than
Aspirational Travel
Marketing short-term rentals by appealing to guests’ desires for luxury, unique experiences, or destinations they dream of visiting.
Association Rules
Guidelines set by homeowner associations or community groups that may impact short-term rental operations, such as restrictions on rental duration or guest occupancy.
Asymptotic Pricing
A pricing strategy where the price of a short-term rental approaches a certain level as the booking date gets closer. This strategy often involves lowering
Asset Protection Trust
A legal entity designed to hold and protect assets, like short-term rental properties, from potential liabilities and creditors. This can be particularly beneficial for hosts
Aspirational Listing
A short-term rental listing that showcases a luxurious, desirable, or unique experience, often exceeding typical guest expectations and inspiring travel aspirations.
Asynchronous Guest Communication
A method of communicating with guests where messages are not exchanged in real-time. This allows hosts and guests to respond at their convenience, utilizing tools
Asset Performance Metrics
Data points used to track the financial health and performance of a short-term rental property, including occupancy rate, average daily rate (ADR), and revenue per
Association Short-Term Rental Policy
Rules and regulations implemented by a homeowner’s association (HOA) or condominium association that govern short-term rentals within the community, often addressing rental duration, guest limits,
Assistive Technology Features
Amenities and modifications incorporated into a short-term rental to improve accessibility for guests with disabilities, such as ramps, grab bars, visual fire alarms, and accessible
Attraction Proximity
Refers to how close a short-term rental property is to popular tourist attractions, landmarks, or entertainment districts. Listings with high attraction proximity are often more
Attraction Tickets
Tickets to local attractions or events that hosts may offer as an added amenity or service to their guests.