The management of all financial aspects of a vacation rental property, including income, expenses, taxes, and insurance.
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Glossary Term: Expenses
36 posts
Forecasts of expected utility expenses for a short-term rental property, considering factors like seasonality, occupancy rates, and energy efficiency.
The profit earned from a short-term rental property after deducting all expenses, including mortgage payments, property taxes, utilities, cleaning fees, and platform fees.
The total revenue generated from short-term rental bookings during the third quarter, minus all expenses incurred, including cleaning fees, management fees, and taxes.
A comprehensive analysis of a short-term rental property’s performance during the third quarter, including occupancy rates, revenue, expenses, and key performance indicators.
The ongoing expenses associated with operating a short-term rental, including utilities, cleaning fees, property management fees, and maintenance costs.
The ability to tailor pre-built reports in QuickBooks to focus on specific financial data points relevant to short-term rental management, providing insights into revenue streams, expenses, and profitability.
A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, providing insights into the profitability of a short-term rental business.
Expenses associated with owning a short-term rental property, encompassing mortgage payments, property taxes, insurance premiums, utilities, maintenance, and potential HOA fees.
The profit generated from a short-term rental property after deducting all operating expenses, including cleaning fees, property management fees, and platform commissions, from the rental income.
Costs incurred directly by a host or property manager for running their short-term rental business, such as cleaning supplies, maintenance, and guest amenities.
The recurring costs associated with running a short-term rental, including cleaning fees, property management fees, utilities, and maintenance.