Bookkeeping & Owner Statements
Overview
Accurate accounting is crucial for informed decision-making and cash flow management. Whether you own properties or engage in rental arbitrage, our Airbnb Property Management Bookkeeping service handles the full accounting cycle. We also provide owner statements and bookkeeping services for property management companies, ensuring meticulous financial management for all aspects of your business.
Features of Our Airbnb Property Management Bookkeeping Service
Quickbooks Setup
Accurate reporting hinges on proper system configuration and meticulous data categorization. That's why we prefer a fresh setup of your QuickBooks subscription, setting the foundation for precise financial management and reporting.
Chart of Accounts
We implement standardized charts of accounts widely used in the short-term rental property management industry. These are customized to meet your specific business requirements, ensuring accurate financial tracking and reporting.
Analysis of Books
We conduct a thorough analysis of your general ledger and other financial reports. This allows us to identify any discrepancies and recommend adjustments if necessary, ensuring your financial records are accurate and up-to-date.
Airbnb/VRBO Connection
We automate Airbnb/VRBO connectivity with QuickBooks to ensure accuracy and efficiency. In addition to syncing with your property management system (PMS), we utilize Excel imports as needed, for quick turnaround and reliable reporting.
Classification of Properties
In short-term rental accounting, categorizing properties into classes facilitates analyzing profitability, monitoring expenses, and making informed financial decisions tailored to each property's specific needs and performance metrics.
Expenses & Vendor Payments
We meticulously record all bills and payments into QuickBooks, ensuring original invoices are accurately logged. Our software efficiently manages expenses and vendor payments, ensuring secure and streamlined financial transactions.
Monthly Owner Statements
We prioritize timely preparation of owner statements to ensure prompt payouts for homeowners. Our reports provide comprehensive information on reservations and associated expenses, ensuring transparency and accuracy in financial transactions.
P&L and Financial Reports
Easily review and export Profit and Loss statements, Balance Sheets, and other Financial Reports through our services. We also accommodate custom report requests tailored to your specific business needs, providing financial oversight and analysis.
Budgeting and Forecasting
Financials are most valuable when they offer meaningful forecasts. Alongside our revenue management services, we assist in forecasting revenue and expenses, leveraging historical data analysis to provide insightful projections for informed decision-making.
Get a Free Consultation or a Quote
DOSbnb caters to businesses of all sizes. We invite you to either submit a quote request with your business details or schedule a free 30-minute consultation with our CEO, Moonis, to learn about our business processes and discover how DOSbnb can benefit your organization!
DOSbnb has helped numerous entrepreneurs, startups, and businesses expand into full-scale operations. In just 1.5 years, we’ve quickly gained traction and now manage over one hundred properties across the US and Europe. Connect with us today to leverage the power of DOSbnb and grow your business!
Technology
At DOSbnb, we are technology enthusiasts! We love working with systems that provide value and increase ROI.
PMS and Multi Calendar Sync
We use state of the art PMS and customize it to best of our needs. It syncs across all booking channels to offer a seamless experience.
Smart locks
We work with industry standard Yale and Schlage locks and connect them with PMS to provide automated experience
Noise Monitoring
To respect the neighborhood, we use noise monitoring systems to avoid parties or unwanted disturbance without disrespecting guests' privacy.
Dynamic Pricing bundled with manual review
We use a revenue driven approach to maximize revenue and occupancy of the property during peak and slow seasons. We also use some strategies to make sure you rank at the top of the search results on the booking channels.
Guest Books
We specialize in delivering exceptional guest experiences and use tools to offer guest books that not only help with returning guests but also provide additional amenities that we upsell during their stay to increase your revenue.
Cleaning Management Software
Property Turnover is one of the most important aspects of short term rentals and we use industry best practices and software to make sure cleaning is done right and property is ready before next check-in.
Service Fee that makes sense!
Service Fee that makes sense!
Service Fee that makes sense!
We only charge a fixed monthly price for our services. This ensures we take care of your property, we manage online listings, ensure all descriptions are up to date, check-in process and communication with guests remains seamless and we maximize your rental revenue with nearly 100% occupancy of your property.
We don’t charge a percentage of your rental income thus reducing the over head cost.
Full Suite Solution or A la carte Model
Our main goal is to provide a hassle free management service tailored to your needs. Our full suite solution manages all aspects of the short term rental businesses.
We however, also offer ala carte model and you can choose specific services based on your specific needs.
Please contact us today for pricing on Airbnb Property Management Bookkeeping and other services!
How much can your property make?
Get started with a free revenue projection.
Consult with us Today!
Airbnb Property Management Bookkeeping
Competitive Benefits
Our fee includes:
- Experienced Team and POCs
- Assistance with System Configuration
- Providing a Hassle Free Solution
- No Micromanagement needed
- Monthly Contract
- No Startup Cost to Onboard your Property
- Maximum exposure with multiple platforms
- 24/7 Support and Security Monitoring
- Certified Cleaning and Maintenance Vendors
- Insurance and Damage Protection
- Regular Property Inspections
- Integration of Latest Tech Solutions
- Exceptional Experience
- App and Call based Support
- 24/7/365 Support
- Helping them when they need it
- Clean Stay with Safety for guests
- Less than 5 Minutes Response time
Frequently Asked Questions
At DOSbnb, we offer comprehensive accounting and financial management services, including:
- Setting up QuickBooks Online Software
- Integrating OTAs, PMS and Banks with QBO
- Configuring vendors with Bill.com for vendor payment management
- Maintaining all accounts according to International Accounting Standards
- Preparing Owner Statements every month on the due date
- Internal Verification of the Cleaning and Vendor Payments
- Sending Payments for approval
- Handling tax Submission
We offer a free property analysis to estimate potential earnings and assess whether a property is a good investment for short-term rentals. Submit our “How much can your property make?” form above to receive a free estimate.
You will have full access to the Property Management System (PMS) and all other systems where you can view reservations, messages, and financial reports.
If you already have a configured PMS, we can seamlessly integrate and utilize it as well.
We operate on a per-listing or per-property model, saving you a significant percentage of your rental income while supporting your growth. Call us at 888-449-8450 for an estimate.
Our properties usually make 2x-3x of the revenue that you will get on the Long Term Rental Lease.
We offer a month-to-month contract with standard clauses. We do not require a longer binding agreement because we believe our services deliver substantial value.
Each city has their own regulations for STR and we can help you obtain those permits.
Yes, we help with bookkeeping and tax submissions
We are flexible according to your preferences however, we have found that allowing pets with some pre-screening and right measures in place help improve business revenue.
It usually takes about 1-2 weeks to setup everything for your property and get it ready for the Short Term Rental Space. Our onboarding team will work closely with you to get everything ready.
Yes, we can use your existing listings or assist in creating new ones. We will utilize your host account and be added as co-hosts to manage the property effectively.
We will provide you calendar access to enable owner stays and direct bookings. However, we have a 24/7 Support for our clients available and can help you with reserving your home for yourself or the family over the phone or text message.
Each client at DOSbnb is assigned a dedicated client success manager to ensure project success. Our Client Success team is available 24/7 for communication and responds promptly. In addition, we arrange regular meetings—weekly, bi-weekly, or monthly—with Project Managers to ensure your satisfaction.
We offer a hassle-free service, meaning you don’t have to be involved most of the time. However, we value your input in certain cases, such as refunds or discounts, as well as in instances of unusual issues or concerns that could impact your business operations.
This is a really important question to ask because the amenities you provide really define if you want to earn average rental money or want to attract guests who are looking for an exquisite place. We provide a list of standard amenities and our experienced team can help with what you exactly need.
If you have an existing preferred vendor, we can work with them or we have our contractors that we can use.
We can collaborate with your existing cleaning teams or vendors. If you’re not satisfied, we can assist in onboarding a new team. We coordinate closely with them to ensure the property is clean and ready for new guests. Similarly, for maintenance, we promptly address and resolve issues. We establish a threshold amount for repairs, and for any amount exceeding this threshold, we seek your approval before proceeding with the repair.
Airbnb offers up to $1 million USD protection for your property in case of damages. Additionally, we can recommend specific short-term rental insurances that our clients use, which help protect against chargebacks and damages.
If you have a professional photographer, you can provide us the pictures or you can hire our services to get your property ready for the Short Term Rental marketplace. We highly discourage photos taken from a cell phone.
It depends on the condition of your property, usually 10-15 thousand dollars is a good investment to get your property ready.
If you are not satisfied with the service or have decided to move in a different direction, you can provide us with a one-month notice. This notice period allows us to manage future reservations and allocate our resources accordingly.