The process of converting a long-term rental property into a potentially more profitable short-term rental.
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Glossary Term: Profitability
65 posts
An estimate of the potential rental income a short-term rental property can generate over a specific period, considering factors like occupancy rates, average daily rates, and expenses.
A metric used to evaluate the profitability of a short-term rental investment, calculated as the net income generated divided by the total investment cost, expressed as a percentage.
The ongoing process of improving and enhancing various aspects of short-term rental management to maximize guest satisfaction, efficiency, and profitability.
The remaining income from a short-term rental after deducting all expenses, including cleaning fees, management fees, and operating costs.
Implementing strategies to maximize income from short-term rentals, including dynamic pricing, seasonal adjustments, and upselling additional services.
The revenue generated by hosts from short-term rentals after deducting expenses such as platform fees, cleaning costs, and maintenance.
Tracking and analyzing key financial metrics like occupancy rates, average daily rate, and expenses to evaluate the profitability of a short-term rental business.
A metric used to evaluate the profitability of a rental property, calculated by dividing the annual rental income by the property’s purchase price or market value.
The strategic approach to maximizing rental income through pricing optimization, occupancy management, and other revenue-generating tactics.
The process of estimating future revenue and expenses for a short-term rental property, based on factors such as historical data, seasonality, and market trends.
A financial metric used to evaluate the profitability of a short-term rental investment, considering income and expenses.