Description
Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Madison asks:
I've just completed my first direct booking at a property that I own and manage, and I'm going through the process of remitting taxes to my county and state. How do you handle this for co-hosted properties? I'd like to offer direct bookings, but would I remit taxes on behalf of the owner or is that their responsibility?
(00:00:00) Introduction
(00:03:09) How Sarah Remitted Taxes On Her Clients’ Behalf
(00:05:19) How To Make Life Easier For Your Clients
(00:06:42) Remitting Taxes Even If You’re Not Co-Hosting
Please note that we are not CPAs, and this information is location dependent. We encourage you to consult with a tax professional in your area.
Thanks to everyone who submitted questions. To hear your voice on the show and send a question to Sarah and Annette, submit your burning hosting questions at: hostinghotline.com.
Resources:
• Click here for full show notes
• Video: The Ultimate Guide to Setting Up Your Airbnb Business the RIGHT way (banking, taxes, LLC, profits)
• Airbnb Essentials Checklist: hostchecklist.com
Thanks for Visiting is produced by Crate Media.
Mentioned in this episode:
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Breezeway | Get Breezeway’s full guidebook, messaging, and operations tools for just $19.99 per unit per month!
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Published 11/21/24
Welcome back to the Hosting Hotline! This is an Ask Me Anything where each week we’ll answer your questions on Airbnb, STRs, real estate, and everything in between.
Vanessa asks:
We run a short-term rental on Whidbey Island in Washington State called Bells Beach Lookout. Thanks to you, it's been...
Published 11/19/24