The Monthly Business Review

Most hosts know their revenue and roughly their occupancy. Almost none can tell you their net profit last month, their cost per booking, or which complaint theme showed up three times. This is the two-hour close that shuts that gap – and twelve of them in a row is a business plan.

Set your targets once on the opening page: target nightly rate, target occupancy, monthly operating budget, and the minimum cash reserve you will not dip below. Then work one month block at a time. Each month captures revenue and occupancy – total revenue, bookings, occupancy rate, average nightly rate, revenue per available night, the change against last month and against the same month last year, and nights blocked or owner-used. Then eight expense lines – cleaning, supplies and restocking, maintenance and repairs, mortgage or rent, utilities, insurance, software and subscriptions, platform fees – which total themselves and subtract from revenue to give you net profit without a calculator. Then guest experience: average review score, reviews received, the complaints that recurred, and what guests specifically loved. Each month closes with three action items – pricing adjustments, maintenance to schedule, listing updates to make.

Twelve monthly reviews feed the Twelve-Month Snapshot at the back, where every month sits on one line and net profit calculates itself row by row. The year-end pages ask the four questions worth asking – your best month and why, your worst month and why, the one system that saved you the most time, and what you are changing – then take next year targets for revenue, net profit, occupancy and average rate.

42 pages. 437 fillable fields. 36 live calculations. Save it and fill it on any device – nothing prints unless you want it to.