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Updated over 3 years ago on . Most recent reply
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Air BNB taxes and renting apartments
I’m curious when it comes to taxes with Air BNB is a CPA recommended?
As well can a person Rent an apartment to create an Air BNB in North Dakota?
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- Real Estate Broker
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You have to check the zoning to see if short-term rentals (less than 30 days) are even allowed in that area. Then you have to speak with the Landlord to see if he would allow you to operate a short-term rental in his apartment (he likely won't). Then you can crunch the numbers to see what it would cost to set up and operate vs. what it would bring in, enabling you to determine whether it's even worth the investment of time, money, and effort.
If you get through all that and are actually making money, then you can worry about whether a CPA is necessary (usually not).
- Nathan Gesner
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