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Updated almost 6 years ago, 02/25/2019

User Stats

8
Posts
2
Votes
David Denney
  • Pella Iowa
2
Votes |
8
Posts

Airb&b primary family residence on weekends? Opinions

David Denney
  • Pella Iowa
Posted

Ok some quick background info. I am married with two kids and we own a two storey 2780 sq ft home on a lake in a rural area(not many other lake homes or STR HOMES in this area. We have a beautiful view leading down to state owned land/ water. We live 5 miles from the rural town of Pella IA. It's a tourist attraction for it's size (only 15000). We are also 38 miles from Des moines. Our thought was attempting to use Airbnb or other STR sites to book some weekends for tourists or Des Moines folks looking for a get away weekend. We have a farm we bought 45 min out we could stay in or during the summer months thought about staying in one of the many camp grounds that exsist all around the lake we live on.

Other thoughts we had: kayak paddle board rentals? 

Insurance obviously is going to be a big deal here and it's unclear what AirBNB covers of someone were to get hurt.. Seems like we could have them sign a waiver, way to easy I know!

To make this easier, our thought is to move all personal belongings upstairs and install a door to lock that area off. The downstairs would be two bed, one bath, kitchen and laundry. Thought we could have a fridge in garage to move all food out before a booking. 

Looking for advise from anyone who's done this for a little extra income. Especially while staying somewhere near by?

Also,I know several articles suggest 14 days can be done without being taxed then after that it seems to get complicated with taxes. How big of deal is this to anyone who has experience?

Main thing that comes to mind is trying to use our view as an asset and make a small amoint of money while doing so. Any advice would be appreciated! Thanks guys:)

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