Implementing sound financial practices for tracking income, expenses, taxes, and generating reports to ensure profitable and sustainable short-term rental operations.
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A small token of appreciation offered to guests upon arrival at a short-term rental, such as a bottle of wine, local snacks,…
The idea that 80% of the insights from guest reviews often come from 20% of the feedback, highlighting key areas for improvement.
The prevailing rental rate for similar properties in the same market area, used as a benchmark for setting competitive pricing.
The period, typically in the early months of the year, when individuals and businesses are required to file their annual income tax…