Host Protection Insurance: Airbnb provides Host Protection Insurance to all hosts, which protects against damages caused by guests. You can set your own rules, prices and availability. You only pay a small commission when you receive a booking.Ĭomplete control over listing: As a host, you have complete control over your listing. List for free on Airbnb: It is completely free to list your property on Airbnb. Why you should start your own Airbnb businessĮarn additional income: By becoming an Airbnb host, you can earn extra money from your unused space.

Airbnb provides a range of accommodation options, from a single room in a shared apartment to an entire home or villa. The platform has revolutionised the hospitality industry by offering travellers an affordable and unique way to experience new places. What is Airbnb?Īirbnb is an online platform that connects travellers with local hosts who provide accommodation. This blog post will guide you through the process of starting your own Airbnb business and help you make the most of this opportunity. If you have a spare room or property that you are not using, then Airbnb could be the perfect opportunity for you. It has also provided a new source of income for homeowners who are looking to earn extra money. There is no absolute sheild from liability.īut all agreed - having an LLC for liability shielding was better than not.Airbnb has changed the way people travel and experience new places. Their answers to all our questions were basically always 'Well.yes and no.' - very noncommittal.

And like all firewalls, it's just another hoop that someone will have to hop thru at their expense, time and burden of proof to get at our personal financial situation.įor a few hundred a year, it's worth it to us.ĮDIT to say: we came to this conclusion by talking to several lawyers we know and two accountants. Will it make getting to our personal assets more difficult for a lawyer and lawsuit to 'pierce'? 100% yes it will.Īn LLC is a tool like any other, similar to a firewall. Will it, along with short term rental property insurance shield our personal assets from every possible lawyer and lawsuit? No. Will it completely shield us from every possible lawyer and law suit? No. We are setting up an LLC next week and then transferring our property into it, opening a new bank account for the LLC and then doing all business thru it.

Starting an airbnb business