Words

money awarded to a plaintiff to compensate for damages, injury, or another incurred loss.

an entity, legally licensed to recover default payments

A building (or group of buildings) with multiple units for rent, usually managed by a homeowners’ association (HOA) or vacation rental manager.

A group of rental properties that can be seen as direct competitors to your property because they are similar in style and price, and attract the same demographic. Owners often compare performance against their compset, in order to find ways to make their own offering more competitive.

A report on comparable homes in the area that is used to derive an accurate value for the home in question.

to keep making enough profit to keep the business/shop running.

An agreement made by a company to take on a residential tenancy as the tenant, rather than an individual.

A company let is when a company takes on a residential tenancy agreement as the tenant, rather than an individual.

The OTA commission is a percentage fee charged to hotels for every booking that arrives via the OTA website.

Commission is a sum of money that is paid to Airbnb by hosts upon completion of a booking