--- title: "Short-Term Rental Monthly Income Statement Template" description: "Download this ready-to-use monthly income statement template created specifically for short-term rental property managers." canonical: "https://topkey.io/tools/short-term-rental-monthly-income-statement" language: "en" --- [Tools](https://topkey.io/tools) # Short-Term Rental Monthly Income Statement Template Download this ready-to-use monthly income statement template created specifically for short-term rental property managers. This template is designed for Short-Term Rental property management companies to track the monthly financial performance of their management business, not individual properties. To get started, make a copy of this Google Sheet: **File → Make a copy** ## What This Template Includes This Income Statement gives you a clear monthly snapshot of your management firm's financial health across five key sections: 1. **Revenue:** All income earned by your management firm during the month. 2. **Cost of Goods Sold (COGS):** Direct costs tied to delivering your management services. 3. **Gross Profit:** Revenue minus COGS, the margin earned before overhead. 4. **Operating Expenses:** Fixed monthly costs required to run your business. 5. **Net Income:** Your true bottom line after all expenses, interest, and taxes. ## Customization Guidelines‍ ### Step 1: Enter Business Details Fill in your Business Name and the Month Ended date at the top of the spreadsheet. ### Step 2: Enter Operating Revenue Enter a figure for each revenue line: Base Management Fees, New Property On-Boarding Fees, Maintenance Coordination Fees, Cleaning Markup & Admin Fees, and Guest Tech & Resort Fees. ### Step 3: Enter Cost of Goods Sold Enter a figure for each COGS line: Airbnb Channel Fees, VRBO Channel Fees, Booking.com Fees, Merchant Processing Fees, Cleaning Labor Payouts, FF&E Reserve, and Guest Consumables. The template deducts these from Revenue to calculate Gross Profit. ### Step 4: Enter Operating Expenses Enter a figure for each line: Staff Salaries & Admin Payroll, Software, Guest Marketing & Advertising, Owner Acquisition, Insurance & Professional Fees, General & Administrative, and Depreciation. ### Step 5: Review Your Results Once all figures are entered the template automatically calculates Gross Profit, Operating Income, Income Before Taxes, and Net Income. Enter your Interest Expense and Income Tax Expense to complete the bottom line. ## Summary & Strategic Use By completing this Income Statement each month you build a clear, ongoing picture of your STR management company's financial health at every level. - **Gross Profit** tells you whether your core service delivery is profitable before overhead kicks in. If this margin is shrinking, your direct costs (channel fees, cleaning payouts, consumables) are growing faster than your revenue. This is the first place to look when profitability tightens. - **Operating Income** is the truest measure of how efficiently you are running your business day to day. It strips out interest and taxes so you can see whether your team, your software, and your overhead are scaling in line with your portfolio growth. Investors and lenders focus here first. - **Net Income** is your bottom line, the actual cash profit your company generated after every obligation is met. Tracked month over month, it tells you whether the business is building real value or simply staying afloat. A healthy STR management company should see this number grow as the portfolio scales, not stay flat. Use these three numbers together. Gross Profit tells you where to look. Operating Income tells you how well you are managing the business. Net Income tells you whether it is all working. ## Questions or Need Help? If you need support or want help automating this process, email: info@topkey.io. ## Disclosures \*Topkey is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC Insurance available for funds on deposit through Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. The Topkey Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. The Topkey Visa charge card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. 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Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions. 1 | The interest rate on the High Yield Deposit Account will be 2.93% with an Annual Percentage Yield (APY) of 2.97%. The interest rate on the Regular Deposit Account will be 1.52% with an Annual Percentage Yield (APY) of 1.53%. These rates are effective as of 9/17/26. These are variable rates and are subject to change after the accounts are opened based on the Federal Funds Rate. Minimum opening deposit and average balance requirements may apply. Fees could affect earnings on the account. Topkey does not provide tax, legal, or accounting services. All information on this site is for educational purposes only.