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Hospitable Hosts
Take a Vacation from Managing Your Property Finances with Clearing by Hospitable Hosts
Feb 15, 2024
Benjamin Elbaz, short-term rental expert and Co-Founder at Clearing, discusses the challenges faced by property managers in the short-term rental industry, benefits of automation, integration with Hospitable Hosts, future plans for Clearing, new AI features, the impact of interest rates on property purchases, and the benefits of property management without buying properties.
21:56
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Quick takeaways
- Clearing is an end-to-end trust accounting and bookkeeping solution for the short-term rental industry, offering a scalable and automated platform for tracking income, expenses, and commissions.
- Automation is a key aspect of Clearing's value proposition, minimizing errors and saving time by accurately tracking financial items for each booking, facilitating seamless payments, and simplifying expense management.
Deep dives
Benefits of Clearing for Short-term Rental Owners and Property Managers
Clearing is an end-to-end trust accounting and bookkeeping solution specifically designed for the short-term rental industry. It helps owners and property managers track expenses, revenue, and payments from various online travel agencies (OTAs) and provides transparency between them and homeowners. Whether managing a few listings or hundreds of properties, Clearing offers a scalable and automated solution that streamlines financial management. By consolidating data from bank accounts, credit cards, OTAs, and property management systems, Clearing provides a unified platform for tracking income, expenses, and commissions. The comprehensive nature of Clearing sets it apart from other accounting software.
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