The profit earned from a short-term rental property after deducting all expenses, including mortgage payments, property taxes, utilities, cleaning fees, and platform fees.
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Glossary Term: Finance
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Managing the financial aspects of a short-term rental business, including tracking income and expenses, setting pricing, and handling taxes.
A potential tax deduction for homeowners who rent out their property, allowing them to deduct mortgage interest paid on the portion of the property used for rental purposes.
Digital tools designed to help short-term rental hosts and managers track income and expenses for accounting and tax purposes.