Mm- Management Fee
The percentage of rental income or fixed amount a property manager charges for their services.
Mm- Mobile Check-In
Using a smartphone app or website to access a short-term rental, often through digital keys or codes.
Mm- Messaging Platforms
Communication channels used to interact with potential and confirmed guests, like Airbnb messaging or VRBO’s platform.
Mm- Maintenance Request
A formal request from a guest or host to address repairs or upkeep needed at a short-term rental property.
Mm- Multi-Channel Listing
Advertising a short-term rental on multiple platforms, such as Airbnb, VRBO, Booking.com, to reach wider audiences.
Mm- Maximum Occupancy
The highest number of guests permitted to stay overnight in a short-term rental, often dictated by local regulations.
Mm- Meet and Greet
A personal welcome by the host or property manager upon a guest’s arrival at a short-term rental.
Mm- Monthly Rate
A discounted price offered to guests who book a short-term rental for an extended period, typically a month or longer.
Mm- Master Calendar
A centralized calendar showing the availability of a short-term rental across all listing platforms.
Mm- Municipal Regulations
Local government rules and laws governing short-term rental operations, such as permits, taxes, and noise ordinances.
Mm- Money Transfer
The process of transferring funds between guests, hosts, and booking platforms for short-term rental transactions.
Mm- Marketing Materials
Promotional content used to attract guests to a short-term rental, including photos, descriptions, and videos.
Mm- Management Agreement Termination
The process of ending a contract between a property owner and a short-term rental management company.
Mm- Mobile Hotspot
A portable device providing internet access for guests, often offered as an amenity in short-term rentals.
Mm- Multi-Factor Authentication
A security measure requiring multiple forms of verification to access accounts, enhancing security for hosts and guests.
Mm- Market Saturation
A situation where the number of short-term rentals in a specific area exceeds guest demand, potentially impacting occupancy rates.
Mn- Management Nightmare
Situations or issues that arise during the short-term rental process that cause significant stress, difficulty, or financial loss for hosts or property managers.
Mn- Minimum Advertised Price
The lowest price a short-term rental property can be advertised for on booking platforms, agreed upon between the host and the platform or a property
Mn- Manual Booking
A reservation made outside of online travel agencies (OTAs) like Airbnb or VRBO, directly between the host and the guest.
Mn- Maintenance Log
A detailed record of all maintenance, repairs, and inspections conducted on a short-term rental property.
Mn- Market Niche
A specific segment of the short-term rental market that caters to guests with particular needs, preferences, or interests.
Mn- Management Software
Digital tools and platforms designed to streamline and automate various aspects of short-term rental management.
Mn- Messaging Automation
Using software to automate guest communication, such as sending check-in instructions, answering FAQs, or requesting reviews.
Mn- Minimum Stay Requirement
The shortest duration a guest is allowed to book a short-term rental for, set by the host or property manager.
Mn- Management Contract
A legally binding agreement between a property owner and a property manager that outlines the terms of their business relationship.
Mn- Market Penetration
A measure of a short-term rental’s success in attracting bookings within its specific market or niche.
Mn- Maintenance Costs
Expenses incurred for the upkeep, repairs, and regular maintenance of a short-term rental property.
Mn- Minimum Age Requirement
The minimum age a guest must be to book a short-term rental, as set by the host or platform rules.
Mn- Management Style
The approach and methods a host or property manager uses to operate and oversee their short-term rental business.
Mn- Market Research
The process of gathering and analyzing data about the short-term rental market, including competitor analysis, pricing trends, and guest preferences.
Mn- Management Platform
An online software solution designed to help hosts or managers oversee multiple aspects of their short-term rental business.
Mn- Minimum Booking Window
The shortest amount of time in advance a guest is allowed to make a reservation for a short-term rental.
Mn- Management Fees
The charges or commissions a property manager deducts for their services in managing a short-term rental.
Mn- Money Laundering Regulations
Laws and guidelines designed to prevent the use of short-term rentals for illegal financial activities, such as money laundering.
Mn- Mobile-Friendly Website
A website designed to be easily viewed and navigated on smartphones and tablets, important for reaching potential guests on mobile devices.
Mn- Management Turnover
The process of transferring the management of a short-term rental property from one host or company to another.
Mo- Mobile Optimization
The process of ensuring a website or web application is easily accessible and usable on mobile devices, crucial for reaching potential guests booking travel on
Mo- Monthly Recurring Revenue (MRR)
A key metric for short-term rental businesses, representing the predictable income generated from recurring subscriptions or services, such as property management fees.
Mo- Moment of Truth
Any point in the guest journey where a positive or negative experience can significantly impact their overall satisfaction and likelihood to rebook or leave a
Mo- Mortgage Offset
Using income generated from short-term rentals to cover part or all of the mortgage payments on a property, potentially making it a profitable investment.
Mo- Multi-Channel Marketing
Promoting short-term rental properties across various platforms and channels, including Airbnb, VRBO, social media, and email marketing, to reach a wider audience.
Mo- Modern Amenities
Up-to-date features and conveniences that enhance guest comfort and satisfaction, such as high-speed Wi-Fi, smart home devices, and streaming services.
Mo- Mosaic Regulation
Local laws and regulations that govern short-term rentals, often varying within a city or region, creating a complex landscape for hosts to navigate.
Mo- Multi-Property Management
Overseeing and managing multiple short-term rental properties, requiring efficient systems, automation, and potentially specialized software.
Mo- Motivated Seller
A property owner eager to sell quickly, potentially offering a discounted price, which could be an opportunity for investors looking to acquire short-term rentals.
Mo- Moveable Feast
A trend in remote work and digital nomadism where individuals travel and work from different locations, creating demand for short-term rentals with work-friendly amenities.
Mo- Modest Investment
Starting a short-term rental business with a smaller initial investment, such as renting out a spare room or managing properties for homeowners for a fee.
Mo- Multi-Unit Property
A building with multiple separate dwelling units, such as an apartment complex or condo building, offering potential for higher rental income in the short-term rental
Mo- Monitored Security System
A security system with 24/7 professional monitoring that can provide alerts in case of emergencies, enhancing guest safety and property protection.
Mo- Motivational Welcome Package
A thoughtful collection of local treats, essential items, and personalized touches that greet guests upon arrival, enhancing their experience and encouraging positive reviews.
Mo- Monthly Operating Expenses
Recurring costs associated with running a short-term rental, including utilities, cleaning fees, property management fees, and maintenance expenses.
Mo- Multi-Lingual Support
The ability to communicate with guests in multiple languages, either directly or through translation services, expanding the potential guest pool and improving customer service.
Mo- Mood Lighting
The strategic use of lighting to create a welcoming and relaxing atmosphere in a short-term rental, enhancing guest comfort and contributing to positive reviews.
Mo- Mortgage Interest Deduction
A potential tax benefit for short-term rental owners, allowing them to deduct mortgage interest paid on properties used for rental purposes, subject to specific IRS
Mo- Moment Marketing
Leveraging real-time events, trends, or social media buzz to create timely and engaging marketing campaigns for short-term rentals, attracting last-minute bookings.
Mo- Mobile Keyless Entry
A convenient and secure way for guests to access short-term rentals using their smartphones or other mobile devices, eliminating the need for physical keys.
Mpaa Rating System
A system used in the United States to rate the suitability of films for different age groups, which can be a consideration for short-term rental
Mpedance Ground
A type of electrical grounding system that minimizes electrical noise and interference, important for properties with sensitive electronics or appliances offered in short-term rentals.
Mpl Pricing
A pricing strategy where the Minimum Price Limit is set, ensuring the host receives a minimum payment for their short-term rental, regardless of discounts or
Mpr (Multi-Purpose Room)
A flexible space in a short-term rental property that can serve various functions, such as a home office, gym, or extra sleeping area, adding value
Mps (Mobile Point of Sale)
A portable device enabling on-the-go payment processing, useful for short-term rental hosts collecting payments, security deposits, or offering additional services.
Mpt (Mortgage Protection Insurance)
Insurance covering mortgage payments if the homeowner/host becomes unable to work, providing financial security for short-term rental property owners.
Mpv (Multi-Purpose Vehicle)
A vehicle type that can be beneficial for short-term rental hosts needing to transport guests, luggage, or supplies, particularly for properties in remote locations.
Mpxn (Multiplexer)
A device combining multiple communication channels into one, potentially used in managing smart home technology or internet connectivity for multiple short-term rental units.
Mpr (Master Planned Resort)
A type of large-scale vacation destination, often featuring a mix of accommodations, amenities, and activities, all within a cohesive, themed environment. Think resorts with golf
Mps (Meters Per Second)
A unit of measurement for wind speed, relevant for vacation rentals in coastal or mountainous regions where windsurfing, kitesurfing, or sailing are popular activities.
Mpt (Multi-Platform Technology)
Refers to software or systems used in short-term rental management that operate seamlessly across multiple devices and platforms (e.g., desktop computers, smartphones, tablets).
Mpv (Minimum Property Value)
Some insurance companies or lenders might have minimum property value requirements for short-term rental insurance or mortgages.
Mpx (Multiplex)
A building structure with multiple separate housing units, each with its own entrance, kitchen, and bathroom, which can be used for short-term rentals.
Mpy (Monthly Payment Yield)
A metric used by investors to assess the potential profitability of a short-term rental property, calculated by dividing the projected annual rental income by the
Mpr (Market Penetration Rate)
A measure of how much of the potential market for short-term rentals in a specific location is being captured by existing listings.
Mps (Maximum Persons Sleeping)
The absolute maximum number of guests allowed to sleep in a short-term rental property, often dictated by local regulations or safety codes.
Mpt (Marketing Plan Template)
A pre-designed framework or document that guides hosts in creating a comprehensive marketing strategy for their short-term rental property.
Mpv (Most Popular View)
The most sought-after or impressive view from a short-term rental property, often highlighted in listing descriptions and photos (e.g., ocean view, mountain view, city skyline).
Mpr (Multi-Platform Reservation)
A booking that originates from a guest who has interacted with a short-term rental listing across multiple online platforms before making a reservation.
Mps (Minimum Pricing Strategy)
A pricing approach where hosts set the lowest acceptable nightly rate for their short-term rental, often used during low season or to attract last-minute bookings.
Mr. Cleaner
A colloquial term referring to a cleaning professional or service specializing in preparing short-term rental properties between guest stays.
Mr. Fix-It
A slang term for a handyman or maintenance person who handles repairs and upkeep at short-term rental properties.
Mr. Host
A playful term for a male host who manages and interacts with guests at a short-term rental property.
Mr. Listing
A nickname for an individual or company specializing in creating and optimizing property listings on platforms like Airbnb and VRBO.
Mr. Revenue
A humorous term for a revenue management strategy or tool focused on maximizing income from short-term rental properties.
Mr. Security
A colloquialism for security measures implemented at short-term rental properties, such as security cameras, smart locks, and noise monitoring devices.
Mr. Welcome
A lighthearted term for a welcome package or gesture provided to guests upon arrival at a short-term rental property.
Mr. & Mrs. Host
A term used to describe a couple who jointly manage and host guests at a short-term rental property.
Mr. Right (Guest)
A playful term for an ideal guest who is respectful, responsible, and leaves positive reviews after their stay.
Mr. Wrong (Guest)
A humorous term for a problematic guest who disregards house rules, causes damage, or leaves negative reviews.
Mr. Popularity (Listing)
A nickname for a short-term rental listing that consistently receives high booking rates and positive guest reviews.
Mr. Know-it-All (Host)
A playful term for an experienced and knowledgeable short-term rental host who is skilled in all aspects of property management and guest relations.
Mr. Techie (Host)
A nickname for a host who embraces technology to automate tasks, enhance guest experience, and streamline their short-term rental operations.
Mr. Local (Host)
A term for a host who leverages their local knowledge and connections to provide guests with authentic experiences and personalized recommendations.
Mr. Negotiator (Host)
A playful term for a host skilled in negotiating with guests, service providers, and potentially local authorities related to their short-term rental business.
Mr. Multitasker (Host)
A term for a host who effectively manages multiple responsibilities, including guest communication, cleaning, maintenance, and marketing.
Mr. Adaptable (Host)
A term for a host who demonstrates flexibility and adjusts their strategies and operations in response to changing market conditions, guest preferences, or unexpected situations.
Mr. Consistent (Host)
A term for a host known for providing a consistently high-quality guest experience across all areas of their short-term rental operation.
Mr. Hospitality (Host)
A term for a host passionate about providing exceptional hospitality and creating memorable experiences for their guests.
Mr. Entrepreneur (Host)
A term for a host who approaches their short-term rental business with an entrepreneurial mindset, constantly seeking growth, innovation, and new opportunities.
Ms. Automation
Refers to the use of technology and software to automate various aspects of short-term rental management, such as guest communication, booking management, and pricing optimization.
Ms. Cleanliness
Emphasizes the critical importance of maintaining exceptionally high standards of cleanliness and hygiene in short-term rentals, especially in the context of guest expectations and reviews.
Ms. Communication
Highlights the significance of clear, timely, and effective communication with guests throughout their stay, from pre-booking inquiries to post-stay follow-ups.
Ms. Compliance
Represents the adherence to all relevant regulations, laws, and platform policies related to short-term rentals, including licensing, taxes, and safety standards.