Matthew Kassel
speaker
80 appearances
2 recordings
1 series
first heard Dec 2019
last heard Feb 2020
Matthew Kassel’s voice in public audio — every appearance, attributed to the second.
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Appearances
I spoke to one accountant who said that you can't deduct things like big renovations or
and purchases like appliances and furniture.
But for things that are more directly related to the Airbnb business, like linens or coffee, you'd be surprised how those prices add up.
And that's something that you should keep in mind when you're doing your deductions at the end of the year.
Yeah, all the people I spoke to for this piece are making money.
It's a smart choice if you have extra space in your house and you don't mind losing a little bit of privacy.
It's often the case that the guests who stay in your house don't even come out of their rooms.
You can pick up a decent amount of money if you do it right.
You have to be careful because if you get one bad review, then it could tank your business for a little while.
But most of the people I spoke to are doing like pretty well, if not decently.
For the people I spoke to, it hasn't been much of an issue.
The man I spoke to in Minneapolis only had to pay $50 for a license to rent out his entire home.
But it really varies depending on the city.
And it's something that people who want to use Airbnb should be aware of.
And they should do their homework if they're going to take this on.
A woman in rural Virginia who recently moved from Colorado with her husband decided that she was going to renovate.
her farmhouse because her husband was away pretty often and she kind of wanted some money extra money as well as some extra company and something to do so she found that Airbnb was the best option for her rather than running a bed and breakfast because the barrier for entry was much lower and um
She found that she could find guests very easily by just putting up her house on Airbnb, and immediately people started flowing in.
She's been enjoying hosting bachelorette parties, and she's also had some repeat guests.
So I guess she's made some friends in the process.
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