When we talk about the temporary rental of a property such as an apartment or a house , it is important to keep in mind certain terms that in other areas may have different meanings.

Temporary rental or short-term rental (STR): 

In English this type of rental is called short term rental and in both languages it refers to a short term stay generally set at a maximum of 30 days.

Client:

In this world customers are calledguests and they are people who rent a property for a stay of 1 to 30 days for a variety of purposes.

Although the main reason is usually tourism, some people need to stay in a place for work reasons or for leisure and recreational activities -such as attending concerts, plays, and sporting events-. There are also those who travel to visit relatives or to undergo specialized medical studies or health treatments, as well as to carry out errands that cannot be done in their place of residence or to attend courses, seminars and congresses.

Price:

The notion of price includes not only the concrete price stipulated for each day the property can be rented but also everything related to the rates within this item according to the type of property and its location, the time of the year, and the conditions that influence each particular case and moment, such as promotions, cost per guest and cancellation policy. 

Availability:

In the world of temporary rentals, the availability of a property refers to the configuration of the minimum and maximum stay allowed, the decision of the amount of time in advance that the property can be booked, and the daily and dynamic management of the calendar. 

Channel: 

The main channel through which a property is rented on a temporary basis is an online travel agency ( OTA ). Online Travel Agency-. These agencies are “visited” from cell phones or computers and have the advantage of grouping in one place all the necessary services for both guests and property managers. The most widely used are Airbnb, Booking, Expedia Group, Despegar and Trip Group.  

There are other terms used within temporary rental that are fundamental to understand all the aspects involved in this activity and that must be handled fluently by those who work in this field. Here you can find the main terminology: Short-term rental technology overview..