My life as an Airbnb Host What I've learned from hosting and how I make money using Airbnb

Tagairbnb cash

Airbnb Income tax and the Rent a Room allowance

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If you have an airbnb in your home then there are two ways to handle your Airbnb taxes. One uses the Rent a Room Allowance. The other involves calculating your airbnb income and deducting allowable expenses. How to use the Rent-a-Room scheme  The Rent a Room Scheme lets you earn up to a threshold of £7,500 per year tax-free from letting out furnished accommodation in your home You can earn £7500 a year from airbnb and pay no tax (assuming you receive no other similar rent which might blur the picture such as an adjacent granny flat). If you own buy-to-let property this is separate to these...

What to do when your airbnb bookings dry up in January?

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It’s January in London and so far its been a mild winter but it has rained almost every day since August (well it certainly feels like it). The heavy rain has caused unexpected damage to my house which is very annoying but it has not affected my airbnb which has been full most days (only Sundays I was not 100% booked out but that was almost a welcome relief for me). But now it’s reached January and like every year for the past 5 years that i’ve been an airbnb host my bookings have dried up. Did you airbnb bookings suddenly drop off in January? It’s only because...

Should you accept cash payments from Airbnb guests? and How to automate your Airbnb home.

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Its January in London and cold and wet. The number of bookings I am getting has reduced and I have the occasional empty day. This is the same as last year i recall so I’m not worried. The low GBP will keep the tourists coming to London and I keep my prices low so I’ve always got a steady stream of customers. I have many ‘regular’ customers who found me on airbnb but have kept coming back and now pay me cash. Should I accept guests who pay cash? Nobody want to pay the airbnb service fee but that’s the price you pay for using their platform. Without the airbnb...

My life as an Airbnb Host What I've learned from hosting and how I make money using Airbnb

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