The total income generated from a short-term rental property over a specific period, including rental income, cleaning fees, extra guest charges, and any other fees collected from guests. It does not factor in expenses.
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Glossary Term: Rental Income
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A fully furnished and equipped short-term rental property ready for immediate occupancy and rental income generation.
Allowable expenses that can be deducted from rental income to reduce tax liability for short-term rental owners.
The income generated from renting out a property on a short-term basis, typically calculated on a nightly or weekly basis.
Strategies and techniques for maximizing rental income, including dynamic pricing, occupancy optimization, and revenue forecasting.
Identifying properties with potential for profit by leasing them long-term and subletting them as short-term rentals on platforms like Airbnb and VRBO.
The estimated worth of a short-term rental property based on factors such as location, size, condition, amenities, and rental income potential.
The total income generated from short-term rental bookings during a three-month period, typically used to track financial performance and seasonal trends.
Taxes levied on the assessed value or rental income of a property used for short-term rentals, often subject to specific regulations and rates compared to long-term rentals.
Earnings generated from a short-term rental property with minimal effort or active involvement from the host, typically through automated systems and outsourced management.
The estimated revenue a short-term rental property can generate, considering factors like location, seasonality, occupancy rates, and operating expenses.