My June 2022 vs 2023 Airbnb and VRBO revenue compared! Am I losing money?
Summary
AI-generatedThis video analyzes June 2022 vs. 2023 revenue for Airbnb and VRBO rentals, comparing gross and net income to address concerns about the 'Airbnbust'. It reveals that while gross revenue may decrease, net income can remain stable or even increase due to expense management and platform fee differences.
Key insights
The creator's Whispering Woods cabin (1952 Reagan's Ridge Way) saw a 13.1% increase in June 2023 revenue ($7,500) compared to June 2022 ($6,634), while the Moonlight Ridge cabin (717 Upper Windsor) decreased by 32.2% ($7,032 vs. $10,376).
Mistakes to avoid
Relying solely on monthly gross revenue comparisons without considering expenses or year-to-date trends can lead to a misleading understanding of profitability.
Tools & resources
QuickBookstool
QuickBooks is recommended for short-term rental accounting due to its widespread use and status as an industry standard.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial