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 large piece of fabric used as bedding for warmth, typically provided in short-term rentals to ensure guest comfort.
A separate charge added to the nightly rate for access to shared amenities like pools, gyms, or Wi-Fi.
A metric that measures the percentage of time a vacation rental property is booked over a specific period, indicating its occupancy performance.
Maintaining accurate records of all income and expenses related to a short-term rental property for tax purposes and financial analysis.