Hi, I have 3 properties that I own, in Galveston, TX and are on Airbnb and VRBO. They are in my personal name. I want to move these into a LLC that I recently formed and move my business to LLC. Any suggestion how do I do this on Airbnb & VRBO Platform ? Should I create new listings there & block any new bookings ?
Appreciate any suggestions from someone who has done this before.
Hi
I don’t have a direct answer for you, but thought this might help. Here’s a replay of a conversation between Derek Jones (our VP of Sales & Partnerships) and Clint Coons (a licensed attorney, real estate investor, and asset protection expert). There might be something useful in there.
Webinar link:
Hi Hal,
In your Airbnb profile, go into Taxes, and u can upload your update your LLC info and enter your EIN #.
VRBO has a similar process, but they will require that you upload a copy of your LLC Operating agreement.
I went through this process for the 2024 tax year, and everything ran pretty smoothly and met all requirements asked of me by my CPA.
Feel free to reach out to me with any questions.
Thx!
Scott
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