Vacation Rental Glossary
Regularly updated list of commonly used short term rental terms.
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Our growing list of commonly used vacation rental terms to explain confusing acronyms or jargon you might encounter in your hosting journey.
Key drop box
A secure box located either on the property or in a public place where guests can deposit the keys to a short-term rental as they depart.
Key exchange solution
A process by which guests pickup or drop-off keys to a property that doesn’t require the owner to be onsite. Examples can include using a neighbor, local retail store, or cleaning service to manage key exchanges.
Key Performance Indicators (KPIs)
A set of quantifiable metrics that an owner or company uses to measure the performance of its investment over time. Examples can include occupancy rate, average daily rate or percentage of returning guests.
Accessing a property without physical keys. Options include providing guests a pin number to enter into a smart lock, or wireless apps using a smartphone.
Glossary terms are provided by the community to provide a quick reference for short term rental owners.
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