First and foremost, it’s crucial to realize that Airbnb hosting is a company. As a result, it qualifies as self-employment. The choice of whether to conduct your Airbnb business as a single proprietorship or an LLC must be made. The easiest and most affordable choice is to operate as a sole proprietorship. However, an LLC separates your personal assets from your business assets and offers better legal protection.
You may also want to think about setting up a different business account if you operate an Airbnb business. This will assist you in keeping track of your earnings and outgoing costs, which will be crucial during tax season. It’s important to note that Airbnb does submit your revenue to the IRS when it comes to taxes. As a result, you must claim your Airbnb income on your tax return.
Reverting to the original query, should your CV mention hosting on Airbnb? The answer is dependent upon the position for which you are seeking. It’s important to mention on your CV if you have experience in customer service, are seeking employment in the hospitality industry, or have run an Airbnb business. It could be advisable to omit your Airbnb experience if it is unrelated to the position you are applying for.
It’s important to think about how prospective employers could view your experience hosting guests on Airbnb. Some employers might look at it favorably and regard it as proof of your business acumen and entrepreneurial zeal. Others could consider it to be unrelated to the task at hand and a pastime or side employment. As a result, it’s critical to customize your resume for the position you’re applying for and to emphasize your most relevant abilities and experiences.
In conclusion, depending on your situation, include Airbnb hosting on your CV might be a smart move. Highlighting your Airbnb business might be beneficial if you have the necessary experience and skills. However, it could be advisable to exclude it if it is unrelated to the position you are applying for. Anyhow, before starting an Airbnb business, make sure to speak with a professional about the necessary financial and legal issues.