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Tax, SDIRAs & Cost Segregation

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Amar P.
  • Chicago, IL
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Airbnb payment timing & how it relates to accounting/bookkeeping

Amar P.
  • Chicago, IL
Posted Apr 24 2019, 12:02

Hey all

We are starting strs with Airbnb being our primary income source currently.

For you airbnbers, when does airbnb pay the owner or the rental property? At time of booking, some other in the middle or when they stay?

That ties into my bookkeeping question. For all you bookkeeping aficionados, do you keep books on an accrual or cash basis and what's the justification for either or?

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