Taxes levied on the assessed value of a short-term rental property by local governments, typically paid on an annual basis.
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Glossary Terms
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The annual cost of borrowing money, expressed as a percentage rate that includes interest and other fees, often associated with financing a short-term rental property.
An individual who provides financial backing for a short-term rental business, typically in exchange for equity ownership or convertible debt.
Regular upkeep and repairs required to keep a short-term rental property in good condition, typically performed on an annual basis.
The total revenue generated by a short-term rental property in a year, before deducting any expenses.
A set of guidelines that prohibits hosts from discriminating against guests based on race, religion, national origin, disability, sex, gender identity, or other protected characteristics.
A digital wallet platform developed by Google that allows guests to make secure and contactless payments for their short-term rental bookings.
In a vacation rental context, an anchor tenant refers to a long-term guest who provides consistent income, often during the off-season or shoulder season.
A measure of the profitability of a rental property, calculated by dividing the annual net income by the total investment and expressing the result as a percentage.
A proactive plan outlining regular maintenance tasks for a short-term rental property, ensuring its upkeep and minimizing potential issues.
A strategic outline of marketing activities aimed at attracting guests to a short-term rental property throughout the year, including online advertising, social media promotion, and content marketing.
The process of reporting income and expenses related to a short-term rental property on annual tax returns, complying with relevant tax regulations.