Should You Rent your Home on AirBnB for the Super Bowl in Atlanta?

If you did not know the super bowl is heading to Atlanta! We have seen a lot of people decide to rent their home out on websites like Airbnb and VRBO. Before you list your home check out these points to consider:

  1. Insurance- Call your insurance company to see what is covered and what is excluded. Most home insurance policy have specific coverage limitations on short-term rentals. This adds a whole new level of risk that you and your property are exposed to such as theft and liability.

  2. Income Tax- Call your CPA or tax consultant to discuss the impact to your taxes regarding the money earned from the short-term rental of your personal home.

  3. Local Laws and Restrictions- Some HOA's or local laws prohibit short term rentals. Make sure you are complying with local laws and regulations.

Check out these local news stories:

Airbnb guest accused of throwing wild house party that caused over $18,000 in damages

Airbnb landlords agree to pay San Francisco $2.25 million

AirBnB host comes home to ransacked house

When the proper steps are taken renting your home with AirBnB or VRBO it can be an excellent source of added income. Bottom line, this is not a decision to rush into but something that should be carefully considered.


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