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garrett

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Hi all!
Has anyone here operated a b&b PART-TIME only (2-3 weekends per month and no weekdays)? Like many of you, I have an innate desire to host/entertain, but my goal would NOT be to replace my regular job (ER doc), but to fulfill a 'dream'/hobby. I realize it's a LOT of hard work, not playtime, but if I can break even or partially offset the mortgage of a large house on a lakefront lot, I'd call it a win!
cheers n' blessings,
Garrett
 
There are B & Bs that are weekends only. You can set your own schedule of when you take guests - but being just part-time, the IRS will scrutinize your returns so be careful of what you deduct as expenses.
 
gillumhouse said:
There are B & Bs that are weekends only. You can set your own schedule of when you take guests - but being just part-time, the IRS will scrutinize your returns so be careful of what you deduct as expenses..
Click to expand...
Interesting and VERY helpful -thanks!
 
This might be a situation where using Airbnb would come in handy. No website to worry about, no marketing, no credit card processing. Just let them handle it and you host the guests.
But, do you have a schedule that allows you definite time off?
 
One can operate "part-time" simply by blocking off the dates that you don't want to host guests in your reservation calendar system.
We are "part-time" in a different way, in the sense that we are only open 5 months of the year...
As above, if you are claiming business expenses on your taxes, the IRS expects you to operate your business in a business-like manner, with the aim of generating a profit. You might look into the tax regulations regarding "hobby" businesses...
Operating in a business-like manner does mean that you meet all appropriate code requirements and have all the necessary zoning/planning approvals and business permits/licenses, as required by the local and state jurisdictions, submitting to periodic inspections... You'll also want to check your insurance coverage.
AirBnB gives lip service to expecting their hosts to be compliant with all of the above, but unfortunately does nothing to check or enforce that that is indeed the case. That said, as Morticia suggests, AirBnB could be a good way to "test the waters."
 
Morticia said:
This might be a situation where using Airbnb would come in handy. No website to worry about, no marketing, no credit card processing. Just let them handle it and you host the guests.
But, do you have a schedule that allows you definite time off?.
Click to expand...
Excellent suggestion. And yes, thankfully ER docs work well-defined shifts (no call); I do 1-2 24hr shifts per week which leaves plenty of time for side projects like this (o:
 
OnTheShore said:
One can operate "part-time" simply by blocking off the dates that you don't want to host guests in your reservation calendar system.
We are "part-time" in a different way, in the sense that we are only open 5 months of the year...
As above, if you are claiming business expenses on your taxes, the IRS expects you to operate your business in a business-like manner, with the aim of generating a profit. You might look into the tax regulations regarding "hobby" businesses...
Operating in a business-like manner does mean that you meet all appropriate code requirements and have all the necessary zoning/planning approvals and business permits/licenses, as required by the local and state jurisdictions, submitting to periodic inspections... You'll also want to check your insurance coverage.
AirBnB gives lip service to expecting their hosts to be compliant with all of the above, but unfortunately does nothing to check or enforce that that is indeed the case. That said, as Morticia suggests, AirBnB could be a good way to "test the waters.".
Click to expand...
thanks you -great points to consider. My plan would be to run it as a legitimate business, though not expecting to earn much profit above my mortgage payment. I know that people don't typically get rich running b&b's. I will most definitely consult our accountant and attorney before moving forward, but this thread gives me a good start. Thank you ALL!
 

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