This SAVES Co-Hosts 20 HOURS/Month

James SvetecJun 18, 202613m 48s139 viewsScore 85
Hosting Operations
intermediate
owner statements
financial reporting
co-hosting
automation
Hostaway
M

Summary

AI-generated

This video demonstrates how to automate financial reporting and owner payouts for short-term rental co-hosts using Hostaway. It covers configuring payout formulas, commission structures, and expense tracking to generate professional owner statements automatically, saving significant time and improving accuracy.

Key insights

  • Hostaway's owner statement builder allows for calendar-based revenue proration, which is crucial for accurately allocating revenue across reporting periods for mid-term or long-term stays.

Mistakes to avoid

  • Treating payouts from different OTAs (Airbnb, Booking.com, Vrbo) as identical without manual reconciliation can lead to significant financial inaccuracies in owner statements.

Tools & resources

  • Hostawaytool

    Hostaway is a property management system that centralizes listings, guest communication, and financials, offering automated owner statement features.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial