Summary: What’s better than making a little extra cash each month? The rise of Airbnb rentals has allowed a whole generation of millennials to become business owners by renting out your home, apartment, or condo. While the extra cash is great – there are a few money tips you need to think about to make sure you’re playing by the rules.<br> <a href="http://www.yourmillennialmoney.com/?attachment_id=2344" rel="attachment wp-att-2344"><br><br> </a><br> On This Podcast Episode:<br> <br> * Learn about the important 14-day rule when it comes to rental property<br> * Understand the limitations of your homeowner’s or rental insurance<br> * Find out why an umbrella policy might be a good money move<br> * Figure out how to set up your Airbnb rental to make sure you’re keeping good records to maximize profits and in case of an IRS audit<br> <br> Links Mentioned:<br> <br> * <a href="https://www.airbnb.com/guarantee">Airbnb Host Guarantee</a><br> * <a href="https://hostfully.com/blog/keep-your-tabs-how-to-record-your-airbnb-income-and-expenses/">How to Record Your Airbnb Income and Expenses</a><br> <br>
