That’s a lot of transactions to keep track of, and data could easily fall through the cracks.Ī spreadsheet for an STR property can easily be created using a Google or Excel template, or income and expenses can automatically be tracked using free software from Stessa, a Roofstock company. There are a lot of guests coming and going in an STR, and manual accounting can quickly become overwhelming.īased on an average length of stay (ALOS) of 6 nights, an STR property with an occupancy rate of 60% could have nearly 40 income entries and hundreds of expense entries over the entire year. Using a spreadsheet can save you time and money and make reporting easier when tax times rolls around. (Want to jump straight to the free template? Click here)Īn STR spreadsheet is used to keep track of income and expenses and the bottom line. The metrics to monitor include gross revenue, occupancy, expenses, ADR, RevPAR, and ALOS.Some of the biggest benefits to using a spreadsheet for STR property are saving time and money, monitoring profitability, and streamlining tax filings.An STR spreadsheet keeps track of income, expenses, net operating income, and cash flow.

In this article, we look at the key benefits of using an STR spreadsheet, 11 metrics for monitoring an STR, and how you can download a free STR spreadsheet and sign up for free STR software. An STR spreadsheet can help you keep a real estate business on track by having key data in one place. With all of these moving parts, it can be easy to lose track of income or valuable expense deductions. Guests come and go every few days, cleaning and repairs need to be quickly done to get ready for the next arrival, and supplies need to be restocked. There are a tremendous amount of transactions to keep track of with a short-term rental (STR) property.

Income and expense tracking worksheet