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Filtering Finances: Navigating Revenue and Pricing Strategies

In the third episode of Workflows and Espressos, Meaghan offers insights on financial management for vacation rentals, highlighting the importance of budgeting, employee-to-property ratio, and effective revenue management. Key takeaways include the necessity of creating a budget plan and having regular P&L reviews, understanding the point of profitability for each rental unit, leveraging technology for better revenue management, and communication with the team and owners on budget matters. Meaghan also gives tips on reducing unnecessary expenses for the year while keeping service levels high.

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