The revenue generated by hosts from short-term rentals after deducting expenses such as platform fees, cleaning costs, and maintenance.
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Glossary Term: Expense Tracking
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Specialized consulting services that help short-term rental owners and investors optimize their financial performance, including revenue management, expense tracking, and tax planning.
A 12-month period used for financial reporting and tax purposes, which may not necessarily align with the calendar year. Important for hosts to track income and expenses consistently and meet tax obligations.
The process of tracking, analyzing, and reporting on the financial performance of a short-term rental property, including revenue, expenses, and profitability.
The process of forecasting income and expenses for a short-term rental business, ensuring profitability and financial sustainability.
A budgeting method where every dollar of income is allocated to specific expenses, ensuring comprehensive financial planning for short-term rentals.
A financial statement that shows the movement of cash both into and out of a business over a specific period.