The 5 Bank Accounts You NEED for Your Airbnb Business in 2024!

7.8K viewsPublished: February 6, 202429m 37sScore: 83
Pricing & Profitability
beginner
Bookkeeping
Expenses
Tax Strategy
Profitability
Experienced Hosts

Summary

The Real Estate Robinsons discusses the 5 bank accounts needed to run an Airbnb like an actual business. These include the Income, Operating Expenses (OpEx), Reserves, Profit Hold, and Tax Hold accounts. They recommend using Relay, a bank specifically designed to support the Profit First banking style, and walk through the process of account setup.

Related Videos

More from Pricing & Profitability

KC has ‘highest occupancy’ of World Cup cities. Is effort to add rentals working? - Kansas City Star

This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.

1 day agoKansas City, MO75
Best Mountain Towns Where Homes Deliver the Strongest Airbnb Returns - Realtor.com

Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.

1 day ago85
Airbnb offers $750 incentive for some Ga. hosts during FIFA World Cup - WRDW

Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.

3 days agoGeorgia85

Curated by Learn STR by GoStudioM