Utilizing software or services to track income, expenses, and performance metrics specific to short-term rental operations, facilitating financial analysis and tax preparation.
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The profitability of a short-term rental, calculated by subtracting expenses (cleaning, fees, etc.) from rental income.
A lighter cleaning service offered between guest stays, typically involving surface cleaning, trash removal, and linen refresh.
Expenses incurred in attracting and securing bookings from guests, including marketing, platform fees, and photography.
The amount of time between when a guest makes a reservation and the actual check-in date. Understanding booking lead time helps hosts…