Hire Sofia

?? Buyers Value Your LTV/CAC Ratio Here’s a sample calculation to show your business’s potential: Annual Revenue: $46,026 Rent: $25,302 Gross Profit: $20,724 -- Operating Expenses: $8,747 Marketing & Distribution: $4,577 -- Annual Contribution: $7,400 -> also known as contribution margin refers to the amount remaining after variable costs (e.g., rent, marketing, operating expenses) are subtracted from revenue. It shows how much money is available to cover fixed costs and eventually generate profit. Acquisition Cost (CAC): For this example, let’s assume your CAC is $10,000, representing the total cost to set up a rental and make it guest-ready. Key Metrics: CAC: $10,000 Annual Contribution: $7,400 LTV (5-Year Lease): $37,000 LTV/CAC Ratio: 3.7x This means for every $1 spent on acquisition, you earn $3.7 in lifetime value. For Airbnb businesses, a 3:1 ratio is good, and 4:1 or higher is excellent. A strong ratio highlights efficiency and profitability—exactly what buyers are looking for. ??? Please note, while having a long-term lease might seem lucrative, especially with strong unit economics, leases are obligations that carry significant risk. Management contracts are preferred as they protect your bottom line while offering more flexibility. #airbnb?#shorttermrentals

?? Revenue ≠ Earned Revenue ?? Just because there's cash in your bank account doesn’t always mean you’re profitable! For property managers and Airbnb hosts, understanding earned revenue is key to knowing where your business really stands. ?? Example: If a guest books a stay two months in advance and pays in full, that money isn’t considered income yet. It stays in a clearing account until the stay happens, any refunds or adjustments are settled, and the final net amount is confirmed. At Sofia, we help you track the difference between revenue received and income earned—so you’re not just managing cash flow but running a truly profitable business. ?? ?? Ready to get clarity on your financials? Let’s chat! #Airbnb #ShortTermRentals #Accounting

Why We Use Property-Level Expenses Over COGS ?? At Hire Sofia, we use property-level expenses over COGS because it’s clear, relevant, and tailored for Airbnb operations: - Comprehensive View: Unlike COGS, which tracks only booking-related costs, property-level expenses include all operational costs, such as interest, taxes, utilities, and maintenance - whether the property is booked or not. - Tailored for Airbnb: Aligns with real estate accounting standards to reflect the true profitability of each property. - Scalable and Clear: Simplifies reporting, making it easier to track finances as your portfolio grows. This approach ensures smarter financial decisions for Airbnb hosts. For more information, visit https://lnkd.in/g6w5ZSf9. We’re here to help! #airbnb #accounting

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Simplified Bookkeeping for Airbnb Hosts, Starting at Just $59! Tired of juggling your Airbnb bookings and finances? Hire Sofia streamlines your accounting so you can focus on growing your business. ? Flexible, No-Contract Plans ? Monthly P&L and Year-End Financials ? Detailed Expense Tracking With over $100M in bookings managed, we specialize in bookkeeping designed for short-term rental hosts, making it easy to scale without the hassle. To learn more, visit https://lnkd.in/g6w5ZSf9

Nothing better than happy clients! Thank you, Julie, for the kind words and for trusting us. ??

Looking to simplify property management? Sofia offers expert virtual assistants for multifamily properties, vacation rentals, and Airbnbs. Book your Free 30-Minute Consultation: https://lnkd.in/g3dyMMGG #RealEstate #PropertyManagement #HireSofia #RealEstateManagement

Overwhelmed by self-managing your rentals? Sofia’s Real Estate Remote Operations Services can simplify your workload with expert support. Curious about what’s included? Check out our post for all the details! #RealEstate #PropertyManagement #HireSofia

Struggling with occupancy and boosting NOI in your multifamily properties? Discover how Sofia turned around a Los Angeles portfolio, driving up occupancy and profits. Explore the game-changing strategies in this case study. https://lnkd.in/g4gPhcxe #RealEstate #PropertyManagement #HireSofia

Overwhelmed by self-managing your rentals? Sofia’s Real Estate Remote Operations Services can simplify your workload with expert support. Curious about what’s included? Check out our post for all the details! #RealEstate #PropertyManagement #HireSofia