You might not be able to get a mortgage or a home equity loan Archives

daniel April 17, 2017 extra money to cover expenses, Hosting is a lot more work than you might think, typical homeowners or renters’ policy, What Hosts Need to Know about Airbnb, Working Capital, You might not be able to get a mortgage or a home equity loan, You might run out of money even if you have a lot of bookings, You will have to pay taxes on Airbnb

What Hosts Need to Know about Airbnb

You will need a source of working capital – that is extra money to cover expenses. Ideally this should be a savings or money market account with several hundred or several thousand dollars in it and two or three extra credit cards. A good rule of thumb is to figure out what you will need – then try to save twice that much.