Significant and impactful revenue milestones achieved in short-term rental operations, marking periods of substantial growth or profitability.
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Glossary Term: Profitability
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Tools that help hosts monitor income and expenses related to their short-term rental business, facilitating financial management and tax reporting.
Applying the Pareto principle to identify the 20% of guests who generate 80% of the revenue, enabling hosts to tailor their services and marketing efforts for higher profitability.
The minimum amount of income a host needs to generate from their short-term rental to meet their financial goals or obligations.
A detailed analysis of the different sources of income and expenses associated with a short-term rental property.
Direct costs associated with providing short-term rental services, such as cleaning supplies, toiletries, and utilities, used to calculate profitability.
A metric used to measure the potential profitability of a short-term rental property, often calculated as the annual rental income divided by the property value.
A budgeting method where every dollar of income is allocated to specific expenses, ensuring comprehensive financial planning for short-term rentals.
The net amount of money generated by a short-term rental property after deducting all expenses, including mortgage payments, utilities, and management fees.
Expenses associated with owning and maintaining a property, including mortgage payments, property taxes, insurance, and utilities.
A financial statement that shows the movement of cash both into and out of a business over a specific period.
In short-term rental management, the point at which your total revenue equals your total expenses. This is a key metric for determining the profitability of your rental property.