What your trade computes that others do not
Your revenue is not what you collect. Nights land in your accounts, but they belong to the owner; what is yours is a commission, computed on a base that varies from mandate to mandate — on gross or net of platform commission, before or after tourist tax, with or without cleaning recharged. In a single month, two owners can therefore be paid under two different rules, and it is that diversity that makes a spreadsheet untenable past fifteen properties.
The payout is then a dated operation, not an invoice. Per owner and per period, you must add up revenue across channels, deduct commission, advanced costs and jobs performed, then produce a statement explaining every line. It is the document trust rides on: an owner who does not understand their statement eventually takes their property back, and never says so in advance.
Finally, production is a business of short windows. Between an eleven o'clock checkout and a four o'clock arrival, cleaning, linen, restocking and inspection must fit — often with external contractors paid per job. Knowing in real time what is done, what is not and what is about to cost the owner money is an operational requirement, not a reporting comfort.
What most concierge companies work around by hand
The business holds as long as the number of properties fits in the manager's head.
- Each owner's statement is built by hand, once a month.
- Commission rules differ per mandate and live in the contracts.
- The contractor schedule is a message thread, corrected through the day.
- Costs advanced for an owner are noted separately, and sometimes forgotten.
- Platform revenue is copied out before every payout.
- An owner who wants to know how their property is doing sends a message.
What we have not done here yet
No engagement in the portfolio covers this sector. We would rather write that than let it be assumed. Here is the closest one by its management rules:
Short-term rentalReal profitability for a short-term rental portfolioA financial dashboard replacing an Excel workbook: automatic consolidation of booking revenue and accounting charges, then real margin computed by unit, by month and by channel.Read the full case study