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.
Most cities and/or states require hosts who rent out their vacation homes to charge and collect a tax on the income earned. Depending on the distribution channel these might need to be calculated and submitted directly by a host or handled by the platform directly.
A process where a property owner or managers evaluate prospective guests before allowing them to book a rental. Also called “guest screening”
Adjusting the rates charged for a vacation rental based on the period of the year.
A refundable amount of money that a property owner collects from their guests in addition to the total rental amount at the time of booking. The deposit is to cover any guest damages to the property. The deposit is returned at the completion of a visit if the property in the same condition they found it. Also referred to as a damage or breakage deposit.
The self check-in is an option offered by some distribution platforms (Airbnb, Vrbo) that allows guests to enter your rental when you arrive without meeting directly with the property manager or owner.
The final price offered to a guest, including all fees associated with the booking.
A combination of hotel and apartment where you get the luxury of extra space and comfort of home but the conveniences and services of a hotel room. It’s also called an “apart-hotel”.
A property that is rented to guests for a short period of time, usually less than 30 days.
Shoulder season is the travel period between the peak (or high) season and off (or low) season for a particular property.
Significantly Not As Described (SNAD)
When a property has significant differences when compared to the photos or description used in the original listing.
Single Family House (SFH)
A home suited for the occupancy of one family.
A property that has devices that are connected with each other and can be accessed through one central point, for example, a smartphone, tablet, or laptop.
A digital lock that does not require a key to operate, allowing renters to enter a code or use their smartphones to access a property. Also called an “electronic lock”
Contribution to a property as a direct result of the labor of the owner other than simple funding.
Glossary terms are provided by the community to provide a quick reference for short term rental owners.
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