When you set up your Airbnb finances, you should keep separate accounts. Managing the finances of an Airbnb can be tricky; there are many moving parts and different parties involved.

Thankfully, to help make things easier for you, we did a ton of research on it, and this is our solution. ​​​​​​​​

​​​​​1. Use a Separate Checking Account for Your Airbnb

We have a separate personal checking account that we just use for Airbnb. All Airbnb payouts automatically go into this, and all of our expenses automatically come out of this. Payments include mortgages, utilities, credit card bills, cleaner payments, and others. ​​​​​​​​

​​​​​​​​2. Use a Separate Credit Card for Your Airbnb

We have a separate personal credit card that we solely use for all Airbnb supplies. We then pay this card from our Airbnb checking account. ​​​​​​​​

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We are not set up as an LLC, so we simply opened personal accounts that we solely use for Airbnb. ​​​

​​​​​​​​3. Track Everything

Although everything is automated, you must monitor and track all finances via Excel or Google Sheets and update it daily or weekly. This helps you know that you have enough money to pay all of your bills and also makes it easier at the end of the year for tax season. ​​​​​​​​

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