Words

A projection that use existing or estimated financial data to forecast your business’s future income and expenses.

An estimate of the market value of the property that is based on what a knowledgeable, willing, and unpressured buyer would likely pay to a seller in the market.

The 1968 Fair Housing Act is a federal act in the United States intended to protect the buyer or renter of a dwelling from seller or landlord discrimination based on race, color, religion, sex, handicap, familial status or national origin.

If Airbnb determines that a Guest experienced a Travel Issue, Airbnb will, at its discretion, provide the Guest with a refund up to a maximum of the Total Fees the Guest paid for the Experience in accordance with this Policy.

Offset (an item of expenditure) as an expense against taxable income. For vacation rentals, deductible expenses can include repairs, maintenance, cleaning, insurance, marketing costs, accounting fees, property supplies, vacant rental property and depreciation to name a few.

The law that outlines the civil process by which a landlord may legally remove a tenant from their rental property.

the lawful expulsion of an occupant from any property.

A person whose job involves selling and renting out buildings and land for clients.

An account -operated by a trusted third party- which contains and holds payments between two or more parties during a transaction.

A homeowner’s financial interest in a property. Equity is the difference between the fair market value of the property and the amount that is still owed on its mortgage.