Words

the total amount of expenses involved in managing a rental property.

A company whose sole purpose is to receive regular payments from occupants of a residential property which are used by that company solely for its administration and management, repair and maintenance of the common parts of that property.

a legally binding document between a property manager and property owner which clarifies in writing any arrangements that have been made between the two parties, including house rules and repercussions if broken.

Property management is the oversight of real estate by ownself or a third party. Property managers are generally responsible for the day-to-day operations of the real estate, from screening tenants to arranging for repairs and maintenance.

The act of renting, buying and owning a real estate to further use it for short term rentals. This is also an investment strategy to add another listings in your port-folio as a host.

a group of vacation rental properties that have very similar qualities and amenities. Often, rental managers will price these properties together.

An overhead view of the completed property. A real estate floor plan is a drawing to scale that shows the property as seen from above. It shows the relationship between rooms and spaces and the overall layout of the property.

content on your website or listings which tells your property’s story, gives your home a voice and convinces readers to book your rental.

Possesions of space that you will put on rent

a bonus on a vacation rental (for example, “3rd night free when you book midweek!”) or a special discount for Black Friday.