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Updated about 5 years ago on . Most recent reply

Patrick Bross's profile image
Patrick Bross's profile image
Patrick Bross
  • Investor
  • from Mount Pleasant, SC
  • Member since Nov 7, 2013

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Patrick Bross's profile image
Patrick Bross's profile image
Patrick Bross
  • Investor
  • from Mount Pleasant, SC
  • Member since Nov 7, 2013
Patrick Bross
  • Investor
  • Mount Pleasant, SC
2
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23
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Short-Term & Vacation Rental Discussions

AirBnB Host legal entity

Patrick Bross
  • Investor
  • Mount Pleasant, SC
Posted

I currently own and operate an AirBnB, but also manage another that I do NOT own. Does anyone have advice on how I should set up a legal entity, how I should ask the owner to pay me, etc? Considering both operations and the expectation that I'll be taking on more properties to PM, do I need to treat these wholly separate for tax/legal purposes? Looking for some general guidance to steer me down the path. Would love to hear your opinion. 

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John Underwood's profile image
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John Underwood
  • #4 All Forums Contributor
  • Investor
  • from Greer, SC
  • Member since Feb 20, 2014

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John Underwood's profile image
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John Underwood
  • #4 All Forums Contributor
  • Investor
  • from Greer, SC
  • Member since Feb 20, 2014
John Underwood
#4 All Forums Contributor
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  • Greer, SC
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John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
Replied

First, if you are acting as a PM, are you licensed to do so? Only then would I worry about setting up an entity for a PM business.

I guess be paid via 1099.

  • John Underwood
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