14 - Airbnb, Vacation Rental, and Short-Term Rental Tax Tips
Play • 26 min

Airbnb, vacation rentals, and other short-term rentals are new ways of making money that investors are discovering as side hustles or legitimate full-time businesses.

When you run an Airbnb, vacation rental or short-term rental business there are a number of tax implications that you may not find in your standard 1040 tax forms. These relate to home mortgage interest deductions, depreciation deductions, timing of income recognition and more.

If you happen to be running, or are considering running an Airbnb (or vacation rental of any kind) or short-term rental company, you will want to listen to this episode of The Real Estate Law Podcast to understand how you can maximize your tax benefits and legally minimize your tax liability.

Tax laws are constantly changing, especially for short-term rentals, so be sure to check with your tax professional.

Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts, and learn a number of helpful tax tips to optimize your Airbnb's finances during this episode of The Real Estate Law Podcast!

In this episode, we discuss a number Tax Tips for Airbnb and Short-Term Rental Operators, including:

1.     Tracking stays and keeping good records
2.     Depreciation
3.     When to place your rental in service
4.     Mileage expenses and travel
5.     Educational seminars
6.     Loan and credit card interest
Do you have questions for us? Interesting in working together? Do you have ideas for a future podcast episode? Email us today!

Need a Keynote Speaker, Panelist, Conference Session Moderator, or Podcast Guest? Real Estate Attorney / Broker Rory Gill or Jason Muth are available. Email Rory or Email Jason today!

We're powered by the following sponsors:

NextHome Titletown Real Estate, Greater Boston's progressive real estate brokerage. NextHome Titletown Real Estate is a wholly-owned franchise of NextHome, Inc., the fastest growing real estate franchise in the United States, with 500+ offices and 3,000+ NextHomies in 45 states since 2015.

UrbanVillage Legal, Massachusetts Real Estate Counsel serving savvy property owners, lenders and investors more at UrbanVillageLegal.com.

The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.

This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.

Discover more entertaining and informative conversations about how and where the worlds of real estate and law intersect at RealEstateLawPodcast.com.

You can follow our sponsors here:

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NextHome Titletown Real Estate Search:

UrbanVillage Legal website

Attorney Rory Gill on LinkedIn

The Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments. Thank you for listening and for reading these show notes!

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