Consider these Factors Before Listing Your Home on Airbnb

Track your income

6. Track your income

As important as tracking your expenses, it is necessary to clearly document each rental throughout the year. You need to maintain a record of any rentals that fall short of the 14-day rule, as well as those which extend past that timeframe. When you keep track of the days you rented out your property, you are more easily able to accurately determine which expenses were personal and which were directly related to your rentals.

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