Vacation Rental Glossary
Vacation rental metrics or key performance indicators are critical measurable aspects of your business that you can lean on to understand and manage your business better. From occupancy rates to referrals your vacation rental is getting, it can be helpful to track these metrics. “You can’t improve what you don’t measure!”
If you understand the business metrics, you and/or the vacation rentals’ manager will be able to analyze the return on your investment and return on revenue more accurately to improve your operations.
- Eviction Process -
The legal procedures and requirements for removing guests from a vacation rental property in the event of violations or non-payment.
- Fire Safety -
Measures and equipment, like smoke detectors, fire extinguishers, and emergency exits, that must be in place to ensure guest safety in case of fire.