Rental income that is not subject to certain taxes, often due to specific legal provisions or exemptions related to short-term rentals.
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Glossary Term: Rental Income
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The process of compiling income and expenses related to short-term rental activities for accurate tax filing, often involving specific forms and deductions.
Reporting requirements for short-term rental platforms like Airbnb and VRBO to tax authorities, providing information about earnings and property details for tax purposes.
The fluctuation of rental income throughout the year due to factors like holidays, local events, and travel seasons.
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.
Zillow’s estimated market value of a property, often used as a reference point by hosts to assess their rental income potential.
The total revenue generated by a short-term rental property in a year, before deducting any expenses.
The total income generated from short-term rental bookings, calculated by multiplying the nightly rate by the number of booked nights, before deducting expenses.
The total income generated by a short-term rental property from guest bookings within a year, excluding any expenses or fees.