The management of all financial aspects of a vacation rental property, including income, expenses, taxes, and insurance.
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Glossary Term: Income
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The total revenue generated from short-term rental bookings before deducting any expenses such as cleaning fees, platform commissions, or management fees.
The total income generated from short-term rental bookings during the third quarter of the year, before deducting any expenses.
The income generated from renting out a property on a short-term basis, typically calculated on a nightly or weekly basis.
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.
The revenue generated from short-term rental bookings, calculated by subtracting expenses like cleaning fees, platform fees, and taxes.
Various income sources for short-term rental hosts beyond nightly rates, like cleaning fees, extra guest fees, early check-in/late check-out charges, and potential partnerships (e.g., local experiences).
The minimum amount of income a host needs to generate from their short-term rental to meet their financial goals or obligations.
An estimate of the potential income a short-term rental property could generate over a specific period, based on factors like historical data, market trends, and seasonality.
A detailed summary provided by platforms like Airbnb and VRBO, outlining a host’s earnings, payouts, and booking activity over a specific period.