The ongoing expenses associated with running a short-term rental business, excluding the cost of acquiring the property. This includes items like utilities, maintenance, and property management fees.
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Glossary Term: Expenses
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Costs incurred directly by a host or property manager for running their short-term rental business, such as cleaning supplies, maintenance, and guest amenities.
An estimate of the profit a host can expect to earn from their short-term rental property after deducting all expenses, including mortgage, utilities, taxes, and fees.
A financial metric calculated by dividing the annual rental income after expenses by the total property investment, indicating the profitability of a rental.
The profit earned from a short-term rental property after deducting all expenses, including cleaning fees, management fees, and platform fees.
Recurring costs associated with running a short-term rental, including utilities, cleaning fees, property management fees, and maintenance expenses.
A designated savings account where a portion of rental income is set aside to cover future property maintenance and repair expenses.
The process of determining the profitability of a short-term rental by subtracting expenses from revenue, expressed as a percentage.
A detailed receipt provided to guests, breaking down charges for accommodation, cleaning fees, taxes, and any additional services or expenses incurred during their stay.
The costs associated with providing essential utilities at a short-term rental property, including electricity, gas, water, sewage, and internet, which are typically factored into the rental price or charged separately.
The process of monitoring and recording utility consumption at a short-term rental property, allowing hosts to track expenses, identify potential savings, and ensure accurate billing.
Tracking and analyzing key financial metrics like occupancy rates, average daily rate, and expenses to evaluate the profitability of a short-term rental business.