A legal arrangement where a non-profit organization provides financial and administrative support to a short-term rental business that aligns with its mission.
Menu
Glossary Term: Financial Management
33 posts
Configuring the applicable occupancy taxes and fees collected from guests based on local regulations and ensuring compliance with short-term rental tax laws.
Tools that help hosts monitor income and expenses related to their short-term rental business, facilitating financial management and tax reporting.
The process of forecasting income and expenses for a short-term rental business, ensuring profitability and financial sustainability.
Direct costs associated with providing short-term rental services, such as cleaning supplies, toiletries, and utilities, used to calculate profitability.
The original cost of an asset, such as a property, used to calculate capital gains or losses for tax purposes. Important for hosts to track for financial management and tax reporting.
A budgeting method where every dollar of income is allocated to specific expenses, ensuring comprehensive financial planning for short-term rentals.
Specialized software designed to help manage various aspects of short-term rentals, including bookings, guest communication, and finances.
The use of software or integrated platforms to automatically track income and expenses associated with short-term rentals, simplifying financial management.