A statement clarifying that potential earnings from short-term rentals are not guaranteed and vary based on factors like location, property type, and season.
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Glossary Term: Revenue
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The minimum amount of income a host needs to generate from their short-term rental to meet their financial goals or obligations.
An estimate of the potential income a short-term rental property could generate over a specific period, based on factors like historical data, market trends, and seasonality.
A detailed summary provided by platforms like Airbnb and VRBO, outlining a host’s earnings, payouts, and booking activity over a specific period.
Additional income generated through offering extra services or amenities to short-term rental guests, such as airport transfers, grocery delivery, or guided tours.
The fluctuation in income that short-term rental hosts may experience due to factors like seasonality, demand, and competition.
A tool that provides estimated earnings for short-term rentals based on factors such as location, property size, and amenities.
A document provided by a short-term rental platform or property manager that details a host’s earnings, expenses, and net income for a specific period.
The effect of short-term rentals on the local economy, including factors such as job creation, revenue generation, and impact on traditional housing markets.
The revenue generated by a short-term rental property owner or manager after deducting expenses such as cleaning fees, platform fees, and property maintenance.
The net amount of money generated by a short-term rental property after deducting all expenses, including mortgage payments, utilities, and management fees.
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.