Navigating Laws and Taxes for Short-Term Rentals
Running a successful short-term rental business involves more than just providing a cozy space for guests—it also requires staying on top of various local laws and taxes. From obtaining the necessary permits to understanding tax obligations and adhering to zoning regulations, staying compliant can be overwhelming. However, with the right guidance, you can navigate these legal requirements confidently and avoid costly fines. In this blog, we’ll dive into the key areas every host needs to consider to ensure their rental operation runs smoothly, including understanding permits, taxes, neighborhood rules, and more!
Airbnb Co-Hosting: Responsibilities, Income & Tools for New Co-Hosts
Co-hosting is a powerful way to make a living in the short-term rental industry without owning property. As an Airbnb co-host, you can expect a variety of responsibilities ranging from guest communication to property management, all while earning a percentage of the rental income. Here’s an honest, in-depth look at the roles, expectations, and potential income of a successful co-host managing at least ten properties.