Posts by thuroaccounting

Running a vacation rental is exciting—but one missed tax deadline can cost you big. Whether you manage a beachside cottage or a multi-unit short-term rental portfolio, filing your vacation rental taxes on time is non-negotiable. Late filings can trigger hefty penalties, interest charges, and even audits. In this guide, we’ll break down exactly how to…

Are you charging too little for your vacation rental?While competitive pricing might help you fill your calendar, underpricing can silently sabotage your profits, devalue your property, and create long-term financial strain. In today’s data-driven rental economy, pricing strategy isn’t just about staying booked—it’s about staying profitable. In this article, we’ll explore the hidden financial risks…

Maximize profits by making smarter tech decisions Property owners and managers are bombarded with new technology offerings in today’s fast-evolving short-term rental landscape. From dynamic pricing tools to digital check-in systems and accounting automation, it seems like there’s a tool for everything. But how do you know if that shiny new software is actually worth…

Thinking of scaling your vacation rental business? Growth is exciting—but without solid financial preparation, it can quickly lead to chaos. Whether you’re adding a second property or expanding to an entirely new region, your numbers need to be airtight. In this article, we’ll break down everything you need to do to get your vacation rental…

In the vacation rental industry, chargebacks are an unfortunate yet common reality. Whether it’s a guest disputing a charge due to a misunderstanding, a case of fraud, or dissatisfaction with their stay, chargebacks can significantly disrupt your cash flow, hurt your reputation, and lead to unnecessary administrative headaches. Understanding how to prevent and manage chargebacks…

In the fast-paced world of vacation rentals, refunds are an inevitable part of doing business. Whether it’s due to last-minute cancellations, natural disasters, or dissatisfied guests, refund policies play a major role in shaping your business’s financial health. While many owners focus on occupancy rates and nightly pricing, overlooking the impact of refunds can lead…

Security deposits are vital in protecting your vacation rental business from potential damages, unpaid rent, or other liabilities. But mishandling these funds can lead to legal troubles, financial discrepancies, and strained guest relationships. That’s why applying proper accounting practices for security deposits is not just a good idea—it’s essential. In this article, we’ll break down…

Introduction In today’s competitive vacation rental landscape, profitability hinges on far more than just positive guest reviews and attractive properties. Success demands targeted marketing campaigns that not only drive bookings but also strengthen long-term financial performance. However, many vacation rental owners overlook a critical aspect: how marketing campaigns directly influence their bottom line. Although marketing…