Last year, 233 Airbnb hosts in Buffalo earned a total of $2.2 million by renting their spare rooms, apartments and homes to travelers. That’s more than double what they earned in 2015. It comes out to about $7,500 per host, more than the state average, and some hosts make more.
Buffalo listings on Airbnb.com range from a private room in a converted West Seneca garage ($25 per night now, rising to $41 in the summer) to a four-bedroom, four-bath home on 11 acres in East Aurora with a tennis court and three fireplaces ($750 to $850 per night).
If you’ve ever thought about becoming an Airbnb host, here are a few things you might like to know.
• You will be at odds with hoteliers and Bed & Breakfasts. They’re regulated, pay hotel taxes and have to do pesky things like meet fire codes. That’s not necessarily the case with Airbnb hosts.
• The laws surrounding the industry are in flux. Buffalo officials feel it’s time to regulate Airbnb hosts’ properties, and Airbnb is trying to come to an agreement with them to collect and remit taxes on hosts’ behalf.
• For now, hosts are responsible for collecting and paying their own taxes. Talk […]