The original cost of an asset, such as a property, used to calculate capital gains or losses for tax purposes. Important for hosts to track for financial management and tax reporting.
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A geographic area located within a reasonable driving distance from a major city or attraction, often attracting guests seeking short getaways.
Possessing specialized knowledge and skills in optimizing pricing and availability to maximize revenue for short-term rentals. This may involve using dynamic pricing…
A device combining multiple communication channels into one, potentially used in managing smart home technology or internet connectivity for multiple short-term rental…
A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time for a short-term rental business.