The estimated revenue a short-term rental property can generate, considering factors like location, seasonality, occupancy rates, and operating expenses.
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Glossary Term: Rental Income
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Earnings generated from a short-term rental property with minimal effort or time investment from the owner, often achieved through property management services.
The predetermined timeframe in which platforms like Airbnb and VRBO release rental earnings to hosts after guest check-in.
A hands-off approach to short-term rental investing where property management and operations are outsourced to a third-party company.
The estimated market worth of a short-term rental property, influenced by factors like location, condition, amenities, and rental income potential.
The potential for financial returns when purchasing a property near Okoboji Lake, Iowa, specifically for short-term rental purposes.
A financial metric calculated by dividing the annual rental income after expenses by the total property investment, indicating the profitability of a rental.
A measure of a short-term rental property’s profitability, calculated by subtracting operating expenses from revenue, excluding debt service and income taxes.
The strategic approach to maximizing rental income by optimizing pricing strategies based on factors like seasonality, demand, competition, and property attributes.
The process of transferring funds between guests, hosts, and booking platforms for short-term rental transactions.
A building with multiple separate dwelling units, such as an apartment complex or condo building, offering potential for higher rental income in the short-term rental market.
The strategic application of pricing, availability, and marketing techniques to maximize revenue from short-term rental properties.