Consider these Factors Before Listing Your Home on Airbnb

Get a system for expenses

5. Get a system for expenses

If you plan to utilize a service like AirBnB to rent our your property consistently, you’ll want to take the time to track associated expenses. According to the IRS, you have the ability to deduct all “ordinary and necessary” costs to maintain your short-term rental business, including but not limited to cleaning, new bedding or towels, or repairs necessary due to guest damage. Having thorough records of your costs will help tremendously when tax time rolls around.

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