In recent years, short-term home rentals have soared thanks to online services such as Airbnb and VRBO. Renting your property to short-term guests can be easy to earn cash to build home equity. But there are six things you should consider before becoming a short-term rental host. Guests who damage property: yours and others You… Read more »
You may rent out a guest bedroom to short-term tenants through Airbnb or another home-sharing site. If so, it’s essential that you understand the tax rules for using your home to earn short-term rental income. Here’s a tutorial. Federal and local taxes The IRS has rules regarding the reporting of rental income. Municipalities may have… Read more »
Homeowners may want to use electronic monitoring equipment — video and audio — to monitor guests in their home in two situations. One is when a homeowner is selling her house and wants to monitor potential buyers during showings. The other is when the owner rents out a house via Airbnb. Is this sort of… Read more »
Thanks to today’s online and cell phone technology, pretty much everyone has the opportunity to be a landlord. Using services such as Airbnb and HomeAway, you can rent out your home to travelers visiting your community. Interested? Let’s take a look. Ask questions. Do you live in a neighborhood with a homeowners association? If so,… Read more »
