These Hidden Costs will CRUSH Your Airbnb Business

This video highlights the hidden costs associated with owning and running an Airbnb business. While mortgage payment, taxes, utilities, cleaning fees, repairs, and variable income are some of the more obvious costs, hidden costs include regulation compliance, furnishings, maintenance, marketing, management fees, city or state licenses, insurance, and unexpected expenses such as legal fees or sudden repairs. Ignoring these hidden costs can turn an Airbnb investment into a money pit, thereby affecting cash flow and profitability of the business. Hosts are advised to budget for these hidden costs to ensure they run the Airbnb business profitably.
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[@hopehauspropertymanagement]

Hidden Costs:
1 - Fees and Licenses
2 - Insurance Costs
3 - Transient Occupancy Taxes (TOT) & Supplemental Tax Bill
4 - Legal and Professional Costs
5 - Homeowners Association (HOA)
6 - Platform Fees
7 - Hourly Labor Costs
8 - Your Software Stack
Expected Costs:
1 - Mortgage Payment
2 - Property Taxes
3 - Utilities
4 - Cleaning Fees
5 - Repairs & Maintenance
6 - Variable Income

[@yeseniasplace]

Thanks🎉

[@pokerstuds1362]

Hey Hey Hey! Favorite Short term couple on planet earth. 💘 the show!! Thanks for the nuggets.

[@brendonmcnaughton2698]

Sara's face is priceless when talking about taxes lol I feel your pain!

[@MikeHawk143]

Another hidden cost is paying for these guys courses and events. 😂

[@shumatsuopost]

Your video aesthetic is incredibly inventive and new!

[@dilste99]

Always have great advice. I’ve been watching your content for a while now. Keep it up!

[@lailaatallah1857]

Wonderfully helpful and specific. Thanks for all the concrete numbers and dollar amounts. This information is gold. I can’t wait for your BOOK!!

[@basiclawprof]

Thanks guys. Perfect.

[@antbug305]

Thanks for the tips

[@philipritchie9950]

Airbnb doesn’t pay your lodging taxes for you in all counties but you can still have Airbnb collect them from the guests to include in your payout

[@Dommy521]

Which digital guidebook software do you use

[@austintxhomes2868]

Love your videos. Hate the background music. Please do t have a track behind your talking! 🙏 so hard for my brain 😂

[@tomstewart2426]

Thank you for the great info guys!

[@genesisnajera7334]

Thank you so much for this useful information. 😊

[@user-oc4ww8my9p]

Thank you

[@devonn2002]

Baselane one stop shop

[@vivianar4651]

Thanks Sara and Tonny for the great content.
About the 'Good' CPA, what company/firm do you recommend?

[@anhho6186]

Which software do you use for SEO?

[@yeseniasplace]

What risks does having Airbnb guests have?

[@PalmettoCoralCo.]

Hello

[@robneundorf]

You guys laugh at the thought about it being funny to pay a utility fee but in some foreign countries if you want to use the air conditioning you have to pay utility fee for it.