…pleasure or business and need a place to stay overnight. These guests are choosing to forego the traditional hotel experience to rent out a vacant home instead. Focusing on Airbnb, there are six million properties listed in over 100,000 cities. As you can imagine, this means lots of competition for Airbnb owners. Some Airbnb owners try to stand out from…
In this episode of Coffee with Carl, attorney Carl Zoellner breaks down short-term rental arbitrage: what it is, how it works, and who may benefit from this strategy. Updated October 20, 2020 One arena I receive a lot of questions about is short-term rental (like Airbnb) arbitrage. Some of the questions I receive revolve around the simple fact that “arbitrage”…
…monthly expenses are quite low because all you really need is a customer-facing website where you whitelist items made by the supplier as your own. With a little social media marketing, dropshipping can turn into a solid revenue stream. 2. AirBnb AirBnb is just one of the many peer to peer lending sites where a property owner can rent vacant…
…do you keep track of your reimbursable expenses before your corporation makes a profit? 00:35:12.04 – What are the best practices to get solid bookkeeping results with the least effort using either Quickbooks, spreadsheets, or other means? 00:40:14.00 – I’m starting an Airbnb business and an eCommerce store. What bookkeeping do I use to integrate with Airbnb and Spotify? 00:48:05.04…
In this episode of Coffee with Carl, attorney Carl Zoellner discusses important tax tips for short-term rentals and vacation rentals like Airbnb. Updated September 24, 2021 Many investors feel the allure of short-term rentals or vacation rentals, like Airbnb. After all, you can rent your buy-and-hold real estate for much more per day than you could per month….
