Is running an Airbnb considered a business? This is kind of a tough
question because for some people it is, as for some people it isn't. So, we
got to kind of go through so I can tell you which one is true. Let's go.
Okay. So in this video, first, I'm going to share with you if you actually even want
an Airbnb business because obviously, it can or it cannot be. But
let's talk about if you want yours to be an Airbnb business. Number 2, I'm going to
give you some insider tips to know again if you should have this as a Airbnb
business or if this is something you should just be doing on the side. And
then last but not least, I'm going to share with you the secret to make all of this
work for you. So, Airbnb is the number one home sharing platform in America. Right
now it is a website and it's also an app where regular people, normal people like
you and I can take their normal properties and put them on Airbnb and
regular guests can rent your property. They can rent the entire property, they
can rent just a room in the property. You can rent out the guest house, you can
rent out the pool house. Airbnb is so flexible because again, it's just normal
people, regular people with a space that they have available and the normal
people that are interested in staying somewhere besides a hotel. So, if you want
to do Airbnb, you can do it pretty fast without ever getting a business license
or ever making it a business. One of the things that you could easily do is just
get a property and list it on Airbnb. I give you a link below that you can go
ahead and get your Airbnb profile started for free. And it doesn't take
very long. And you can get that done today. And you can go ahead and list
properties and actually have them up and running in less than one day. It is a
very simple process. And Airbnb is amazing because they give you the free
place to do it as well as some other websites like Home Away, Expedia, Vacation
Rental By Owner and a few others out there. Now, let's talk about the benefits
if you do create a business around your Airbnb. There are so many benefits to
actually creating a business. Even if you only have one Airbnb. You could get your
business registered with the Secretary of State and you can enjoy all of the
benefits that come with owning a business. Like the tax write-offs.
So, one of the things if you have an actual business and one of the things
that you're going to do is have cost. So, of course, if you have an Airbnb, whether
it's your home or one that you're going to get and make into an Airbnb, you're
going to have to furnish the place and you're going
have to get supplies for the place. And so, when you first get started, you may
need to use some money. And then one of the things that you're going to do while
you're out shopping for those things is you can write those things off. You can
write off the mileage, you can write off the money that you can you spend. You can
write off the education that you spent learning how to do this. That's just one
of the benefits. Another benefit was having a business is like I said, you
have to furnish the place. You have to get towels and sheets and forks and
knives. And so, if you actually go ahead and create a business and you do it the
way that I teach you, you can actually access business funding, okay?
Funding, lines of credit, credit cards, things like that in your business's name
that will allow you to use your business credit in your business funding to
actually get everything that you need to start and maintain your business. Now, why
you want to do this is because truly Airbnb and running multiple properties is a
business. Or at least you might want to make it a business. So, another benefit
that I did not mention with making it a business and actually getting it
registered with an LLC or S corp or C Corp, again, not going to advise
you there. But one of the benefits of doing that is that you're going to open
yourself up to a great benefit. And that is the benefit of actually being a
business owner, okay? Once you are a business owner, again, you can access
business lines of credit, you can access the business credit cards. You can put it
in your business names. But you can also protect yourself, okay? If you have guests
coming in checking in and out and doing different things like that, yes you have
protection through the Airbnb app and things like that. But if something
happens, for example, you want to make sure that you have that protection and
so if you go ahead and you create a business entity and god forbid something
happens, you have that entity to protect you and protect your personal assets. So,
that is another reason that I'm going to say.. You probably should, you don't have
to. But one of the reasons why you might want to go ahead and get your business
register it because you want to grow this thing and you want to be protected.
So, there you have it. Is running of Airbnb a business? Well, if it's not, you
might want to make it a business. Hopefully you
kind of understand every single piece of it. Go ahead and watch this video again
if you need to. I've given you a lot of information here. Make sure that you go
ahead and like this video. Subscribe to my channel. Click that little notification
bell so that you don't miss anything. And please watch all of the videos in
this playlist. Again, I'm giving you a free course right here on YouTube
absolutely free just for you because I want you to be successful.
To your success.