Airbnb is an online platform that enables private individuals to rent out their homes for short periods to travelers looking for temporary accommodation. Owners, known as renters, can rent out their primary residence, second home or any other furnished property for variable durations ranging from one night to several months, depending on local regulations. The way Airbnb works is simple: the owner-lessor creates an ad describing his or her property, the facilities available, the rental rate, the booking terms and conditions and the rules to be respected.
Renters looking for short-term accommodation can browse listings, compare offers and book online in just a few clicks. Once the booking is confirmed, the tenant makes the payment online, which is then paid to the owner after deduction of the commissions charged by Airbnb and the commissions of your Airbnb concierge in Paris
The security deposit can also be managed via the platform to secure the transaction and cover any damage.
In the event of a dispute or problem during the rental process, Airbnb offers responsive customer service and an insurance policy called Aircover to cover the risks and damages associated with the rental.
Taxation of rental income
In terms of taxation, rental income earned by furnished-rental property owners is taxed as BIC industrial and commercial profits. Depending on the tax regime chosen, the owner can deduct certain expenses and depreciation linked to the furnished rental.
It's also possible to take advantage of certain flat-rate allowances and tax benefits, such as the Pinel law, to optimize your tax situation. Airbnb's rental management is simplified thanks to the platform, which manages reservations, payments, exchanges with tenants and tracks income received.
However, owners are required to comply with current regulations, particularly in terms of declaring rental income to thetax authorities and complying with town-planning rules.
Last but not least,rent control and seasonal rental regulations can vary from city to city and country to country, so it's important to get the facts before renting out your property on Airbnb.
How do you manage the operational side of your short and medium-term rental?
Unlike traditional rentals, short and medium-term rentals require you to choose a method that depends on your proximity to the property and your availability. After all, it's necessary to carry out tasks such as inventory of fixtures, cleaning and linen maintenance on a regular basis.
- Personal management: the most economical solution, but very time-consuming. You manage reservations, reception, inventory of fixtures and fittings, housekeeping and laundry.
- Delegating to a house keeper: hiring a housekeeper can be a good compromise, allowing you to delegate cleaning and maintenance tasks. Good communication and a relationship of trust are essential.
- Concierge companies: These companies manage all the operational aspects of seasonal rental, such as welcoming tenants and maintenance. They offer customized services.
- Real estate agencies: some agencies are specialized and offer a service that includes advertising, reservation management, move-in and move-out inventory of fixtures and regular maintenance, including cleaning and dry-cleaning. Rental management agencies can also help you monitor and manage your rent.
Each option offers advantages in terms of time and cost, and the choice will depend on your priorities and personal constraints.
Open Up Paris, a real estate agency for rentals witout holding funds and luxury concierge service, will accompany you and offer luxury service during your guests' stay in your Paris apartment.
Please contact us: contact@parisluxuryestate.com or directly at 06 71 50 18 45
