Formal records of the financial activities of a business, including the income statement, balance sheet, and cash flow statement. These statements are crucial for understanding the financial health and profitability of a short-term rental business.
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Maintaining accurate records of all income and expenses related to a short-term rental property for tax purposes and financial analysis.
Fluctuations in the demand for short-term rentals throughout the year, influenced by factors like holidays, school breaks, weather patterns, and local events.
Data and trends provided by platforms like Airbnb and VRBO, offering insights into booking patterns, competitor performance, and market demand.
The overall impression and satisfaction a guest has with their stay at a short-term rental, encompassing all aspects from pre-booking to post-stay.