You got an Airbnb so you could make extra money, yeah? Well, congrats, you’re officially a small business owner. You can get business credit cards based on your yearly income. Those cleaning supplies I mentioned in Part 4 are now expenses. And, you might be on the hook to pay taxes.
I personally use Evernote to save every single receipt. And tag them with the tax year and “expenses” for easy work at tax time. After a while, you definitely find your rhythm with this Airbnb stuff. You might even want to get another.
Airbnb Hosting Index:
- Part 1: Finding the Right Place
- Part 2: Setting It Up
- Part 3: Attracting Guests
- Part 4: Ongoing Maintenance
- Part 5: Taxes, Expenses, and Making It All Work
This series is meant for peeps who want to list an entire home separate from their primary residence on Airbnb.