Public Space
Areas within a short-term rental property that are shared by multiple guests or units, such as common areas, hallways, or outdoor spaces.
Purchase Agreement Addendum
A supplemental document added to a standard purchase agreement that outlines specific terms and conditions related to the use of the property as a short-term
Public Utility
Essential services such as electricity, gas, water, and sewage that are typically provided by local government agencies or private companies to short-term rental properties.
Pull-Out Sofa
A type of sofa that converts into a bed, often found in short-term rentals to accommodate additional guests without requiring a dedicated bedroom.
Public Listing
The online advertisement of a short-term rental property on platforms like Airbnb and VRBO, making it visible and bookable to potential guests worldwide.
Push Marketing
A promotional strategy where short-term rental businesses actively reach out to potential guests through targeted advertising, email campaigns, or special offers to drive bookings.
Purchase Contract
A legally binding agreement between a buyer and seller that outlines the terms and conditions for the sale and purchase of a property, including the
Putty Knife
A flat-bladed tool with a handle, typically used for applying and smoothing putty, a paste-like material used for filling gaps and cracks in various surfaces.
PxPost Booking Management
All the tasks and processes involved in managing a short-term rental after a guest has made a booking. This includes guest communication, check-in and check-out
PxPeak Season
The time of year when a particular destination or region experiences the highest demand for short-term rentals, typically accompanied by increased booking rates and occupancy.
PxProperty Access
The methods and procedures used to grant guests access to a short-term rental property, such as keyless entry systems, lockboxes, or in-person check-ins.
PxProperty Damage Protection
Coverage that protects hosts from financial losses due to accidental or intentional damage caused by guests to their short-term rental property.
PxProperty Management Software
Specialized software designed to help hosts and property managers automate and streamline tasks related to short-term rental management, such as listing management, booking calendars, guest
PxProperty Onboarding
The process of listing a new property on short-term rental platforms, including setting up the listing, creating attractive photos and descriptions, and setting pricing and
PxPersonalized Experience
Creating a unique and tailored experience for guests staying in a short-term rental by offering personalized recommendations, amenities, or services based on their interests and
PxPlatform Fees
The charges imposed by short-term rental platforms like Airbnb and VRBO for using their services, typically calculated as a percentage of the booking amount or
PxPremium Pricing
A pricing strategy where hosts charge a higher rate for their short-term rentals due to factors such as exceptional location, amenities, luxury features, or high
PxProperty Turnover
The process of preparing a short-term rental for a new guest after the previous guest has checked out, including cleaning, restocking supplies, and inspecting for
PxProfessional Photography
High-quality photos taken by a professional photographer to showcase a short-term rental property in its best light, attracting more potential guests and justifying higher rental
PxProperty Rules
Guidelines and restrictions set by hosts for their short-term rental properties, such as no smoking policies, pet restrictions, or noise limitations, to ensure a safe
PxProperty Tax
Taxes levied on the assessed value or rental income of a property used for short-term rentals, often subject to specific regulations and rates compared to
PxPrice Parity
The practice of maintaining consistent pricing for a short-term rental across all distribution channels, including the host’s own website and various online travel agencies, to
PxProactive Communication
Initiating communication with guests before, during, and after their stay to provide helpful information, address any concerns, and enhance their overall experience.
PxProperty Manager
An individual or company hired by property owners to manage their short-term rental properties, handling tasks such as marketing, bookings, guest communication, cleaning, and maintenance.
PxPeak Rate
The highest price charged for a short-term rental during periods of exceptionally high demand, such as holidays, special events, or peak season.
PxPerceived Value
The subjective assessment of the worth or desirability of a short-term rental property by potential guests, influenced by factors such as location, amenities, reviews, and
PxProperty Listing
A detailed online advertisement for a short-term rental property, typically featured on platforms like Airbnb and VRBO, showcasing its features, amenities, location, photos, and pricing.
PxPredictive Analytics
The use of data and statistical techniques to forecast future trends in the short-term rental market, such as demand fluctuations, pricing patterns, and competitor activity.
Pyment Processing
The system by which short-term rental platforms and property managers handle secure financial transactions between guests and hosts, including booking payments, security deposits, and any
Python Automation
Utilizing the Python programming language to automate tasks related to short-term rental management, such as pricing optimization, guest communication, and data analysis.
Pyramid Pricing Model
A pricing strategy for short-term rentals where rates are structured in tiers based on demand and availability, with higher prices for peak seasons and weekends.
Pyment Gateways
Platforms used to process online payments from guests, such as Stripe, PayPal, or Braintree.
Pyment Protection
Security measures and policies in place to safeguard both hosts and guests from fraudulent transactions and payment disputes.
Pyment Schedule
The agreed-upon timeline for rental payments, including deposit, balance due date, and any payment installments.
Pyment Reconciliation
The process of matching and verifying payments received from booking platforms with reservations and ensuring accurate financial records.
Python Software Development Kit (SDK)
A set of tools and libraries that allow developers to build custom integrations with Airbnb and VRBO platforms using the Python programming language.
Pyramid Rate Strategy
A pricing strategy where rates are adjusted based on demand and availability, with higher prices charged during peak seasons and lower prices during off-season.
Pythagorean Theorem
(While not directly related to STR, it can be used metaphorically) Just as the square of the hypotenuse is equal to the sum of the
Pyrrhic Victory
(Used metaphorically) A win in STR that comes at a significant cost, such as getting a booking by lowering prices so much that it barely
Pygmalion Effect
This psychological principle, where higher expectations lead to increased performance, can be applied to STR guest interactions. Treating guests with high expectations can often lead
Pylon Signage
(For STR properties with visibility) This refers to tall, freestanding signs that can be used to advertise the rental property, especially useful for attracting guests
Pynchon, Thomas (Gravity’s Rainbow)
(Metaphorical and literary reference) Just like the complex and interconnected systems in Pynchon’s novel, managing a successful STR property involves navigating various interconnected aspects like
Pyrrho of Elis
(Philosophical reference) A Greek philosopher who advocated for skepticism, particularly about the possibility of certain knowledge. In the context of STR, this encourages hosts to
Pyrrhic Expectations
(Derived term) Setting unrealistic expectations in STR, such as expecting full occupancy year-round, can lead to disappointment and frustration. It’s crucial to set achievable and
Pyrrhic Pricing
A pricing strategy that appears successful in the short term but ultimately undermines profitability or long-term sustainability. This might involve consistently undercutting competitors or relying
Pyrrhic Automation
Over-reliance on automation in STR management, without considering the nuances of guest communication or potential technical glitches, can lead to impersonal guest experiences or operational
Pyrrhic Cleaning Standards
Setting unrealistically high cleaning standards that are difficult to maintain consistently or are cost-prohibitive can lead to operational challenges and financial strain.
Pyrrhic Marketing
Investing heavily in marketing channels that fail to reach the target audience or generate a positive return on investment, leading to wasted resources and minimal
Pzazz Factor
The unique and memorable qualities of a short-term rental that make it stand out from the competition and appeal to guests.
Pzip Code Arbitrage
A strategy where hosts purchase or rent properties in areas with lower property prices but high short-term rental demand, aiming to maximize profits.
Pzone Out Cleaning
Refers to a meticulous and comprehensive cleaning process, often section by section, that ensures a short-term rental is spotless and sanitized for incoming guests.
Pzychological Pricing
The use of pricing strategies that leverage psychological principles to influence guest perception and booking behavior, such as charm pricing or using the anchoring effect.
Pzoom Backgrounds
Virtual backgrounds used during online meetings or property tours to showcase the short-term rental’s amenities or create a professional setting.
Pzen-like Ambiance
Creating a calming and relaxing atmosphere within a short-term rental using elements like neutral colors, natural light, and comfortable furnishings.
Pzychedelic Lighting
The use of colorful and dynamic lighting effects, often controlled by smart home technology, to enhance the ambiance of a short-term rental, particularly for events
Pzero Waste Hosting
An eco-conscious approach to short-term rental management that minimizes environmental impact by reducing waste, using sustainable products, and promoting responsible consumption.
Pzazz-worthy Photos
High-quality, visually appealing images that showcase a short-term rental’s best features and attract potential guests on platforms like Airbnb and VRBO.
Pziplining Profits
A metaphor for rapidly increasing profits in short-term rental management through strategic optimization of pricing, occupancy rates, and operational efficiency.
Pzone Defense Marketing
A targeted marketing strategy that focuses on attracting guests from specific geographic areas, often within driving distance, to maximize occupancy during off-seasons or fill last-minute
Pzychological Comfort
The feeling of safety, security, and well-being that guests experience in a short-term rental, influenced by factors like cleanliness, communication, and host responsiveness.
Pzoom Room Ready
Ensuring that a short-term rental is equipped with reliable internet connectivity, suitable lighting, and a quiet environment for guests who need to work or attend
Pzero Tolerance Policy
A strict set of rules and consequences outlined by a host to address unacceptable guest behavior, such as property damage, excessive noise, or violations of
Pzazz-worthy Welcome Pack
A thoughtful collection of local treats, essential amenities, and personalized touches provided to guests upon arrival, enhancing their experience and creating a positive first impression.
Pzip Code Analysis
Thorough research and evaluation of a specific geographic area to determine its suitability for short-term rental investments, considering factors like demand, competition, and regulations.
Pzen-like Retreat
Marketing a short-term rental as a peaceful and rejuvenating escape from everyday life, emphasizing features like tranquility, natural surroundings, and wellness amenities.
Pzychedelic Decor
An interior design style characterized by bold colors, geometric patterns, and eclectic furnishings, often inspired by 1960s and 1970s aesthetics, to create a unique and
Pzero-friction Check-in
A seamless and effortless arrival experience for guests, typically involving self-check-in options like smart locks, keyless entry, or clear instructions for accessing the property.
Pzazz-worthy Amenities
Desirable and often unique features or services offered at a short-term rental that enhance guest satisfaction and differentiate it from competitors, such as hot tubs,
Quality Assurance Checklist
A comprehensive list of items and standards used to ensure a rental property consistently meets guest expectations and safety regulations.
Query Rate
The number of inquiries or booking requests a listing receives within a specific timeframe, often used as an indicator of listing popularity and market demand.
Quiet Hours
Designated times, typically at night, when guests are expected to minimize noise levels out of respect for neighbors and other residents.
Quick Response (QR) Code
Scannable codes often used to provide guests with quick access to property information, WiFi passwords, or local recommendations.
Quote-Based Pricing
A pricing strategy where hosts provide customized quotes for bookings based on factors like length of stay, seasonality, and number of guests.
Queen Bed
A common bed size in short-term rentals, typically measuring 60 inches wide by 80 inches long, suitable for couples or individual guests.
Quarterly Revenue
The total income generated from short-term rental bookings within a three-month period, often analyzed to track seasonal trends and financial performance.
Quest for Reviews
The ongoing effort by hosts to encourage positive guest reviews, which are crucial for attracting future bookings and building a strong reputation.
Quintessential Experience
Refers to creating a memorable and unique stay that embodies the essence of the destination and provides guests with an authentic local experience.
Quality Sleep Experience
Prioritizing guest comfort and rest by investing in high-quality mattresses, bedding, and creating a sleep-conducive environment.
Quick-Turn Cleaning
An efficient cleaning process optimized for short turnaround times between guest stays, essential for maximizing occupancy rates.
Quiet Enjoyment Clause
A common lease or rental agreement provision that protects tenants’ or guests’ right to reasonable peace and quiet in their rental unit.
Quality Photography
High-resolution, well-lit, and professionally styled photos that accurately represent the property and entice potential guests to book.
Question-and-Answer Section
A dedicated area on listing platforms where potential guests can ask hosts specific questions about the property or their stay.
Quantity Discount
A pricing strategy where hosts offer reduced rates for guests who book longer stays, incentivizing extended bookings.
Queer-Friendly Accommodation
A welcoming and inclusive environment for LGBTQ+ guests, often signified by explicit statements of inclusivity in listing descriptions.
Quick-Response Communication
Prompt and efficient communication with guests, answering inquiries and addressing concerns in a timely manner.
Quality Over Quantity
A philosophy prioritizing high-quality furnishings, amenities, and guest experiences over maximizing the number of listings.
Quiet Location
A property situated in a peaceful and tranquil setting, often desirable for guests seeking relaxation and escape from urban noise.
Quote Request
An inquiry from a potential guest seeking a personalized price quote for their desired dates and number of guests.
Qb-Suite
Refers to a type of listing on Airbnb or VRBO where the rental unit is a suite within a larger property, typically with a private
Qb-Deck
A term used to describe a deck or patio area that is specifically highlighted as a feature of a short-term rental property on platforms like
Qb-View
This term highlights a particularly noteworthy view from a short-term rental property, such as an ocean view, mountain view, or cityscape, often used as a
Qb-Equipped Kitchen
A description used in short-term rental listings to indicate that the kitchen is fully furnished with appliances, cookware, and utensils necessary for guests to prepare
Qb-Style Bathroom
Refers to a specific style or design of bathroom featured in a short-term rental property, often used to highlight unique or luxurious bathroom amenities.
Qb-Sized Bed
Indicates the size of the bed provided in a short-term rental listing, using common bed size designations like Queen, King, or Full, to help guests
Qb-Friendly Property
Describes a short-term rental property that welcomes guests of all backgrounds and identities, promoting inclusivity and a welcoming environment.
Qb-Themed Decor
Refers to short-term rental properties decorated with a specific theme, such as beach, rustic, or modern, to create a unique and memorable experience for guests.
Qb-Type Property
Classifies the type of short-term rental property, such as an apartment, house, condo, or villa, helping guests find accommodations that suit their preferences and needs.
Qb-Area Guide
A resource provided by hosts or property managers to guests, offering information and recommendations about the local area, including restaurants, attractions, and activities.
Qb-Managed Property
Indicates that a short-term rental property is managed by a professional property management company, responsible for handling bookings, cleaning, and guest communication.
Qb-Style Check-in
Describes a specific check-in process for a short-term rental, such as self-check-in with a keypad or a traditional check-in with a host or property manager.