Expenses that remain relatively constant regardless of occupancy rates, such as mortgages, property taxes, and insurance. Understanding fixed costs helps hosts determine profitability.
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Glossary Term: Property Taxes
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A tax applied to commercial properties, which may include short-term rentals in certain jurisdictions. Hosts should be aware of their local tax obligations and factor this into their pricing and expenses.
Taxes levied on the assessed value of a short-term rental property by local governments, typically paid on an annual basis.