The 5 Bank Accounts You NEED for Your Airbnb Business in 2024!

We’ll help you source, analyze, and close on your first Airbnb in the next 90 days, or YOU DON'T PAY!

Book a free 15-minute discovery call with us, and let's map out your path to Airbnb success. Click here now 👇🏿
_______________________________________________________

_______________________________________________________

_______________________________________________________

**Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank2,3 and Evolve Bank & Trust; Members FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.

No purchase necessary. Terms & conditions apply.**

00:00 Intro
01:24 Account #1 Incomes
03:13 Let Me Help You Launch Your Airbnb
04:29 Account #2 OpEx
06:02 Account #3 Reserves
08:29 Account #4 Profit Hold
10:19 Account #5 Tax Hold
12:25 In-Person Airbnb Event
13:17 Separating Business & Personal Accounts
14:30 Which Business Bank to Use
20:57 Step-by-Step Account Setup
28:28 Final Words

[mikeycharlesjr]

"Sequence" now allows you to do this for ANY bank. Very useful for personal and business!

[johnkerg]

I literally had a realization this morning that I needed this exact thing. I remembered that you and Sarah mentioned this great tool. I came back to find this video just posted, and thank you. I appreciate it!

[sarahseifert]

So helpful! We are just starting so this was perfect timing for us! Love you guys!!

[sladereeves]

Thanks for the vid Tony! Very good explaining everything!

[nellosnook]

Thanks for this very helpful information! 👍

[ChaoticMom]

LOVE THIS! I’m hiring a good CPA, but this will get me started in the right direction with my bank and record keeping. Question: for tax account, is this also for real estate taxes, not just business taxes? Or do real estate taxes fall under opex, such as mortgage and other expenses?

[blakegunnels]

Do you need a separate debit card for each property's OpEx account? Great video. Thanks for sharing.

[phillipmunoz]

Do you utilize any business credit cards? Or do you only pay for things via ACH or Debit Card from the specific bank account?

Great video, extremely helpful showing the step by step and details. Very much appreciated!

[bowlerfamily]

My bookeeper bought me Profit First. Great resource!! Got a question...if you are set up as an S Corp, does your payroll come out of profit account or operations?

[sarahseifert]

Would love to hear which bookkeeping software you think is best for running a STR business.

[TymonAguilar]

Sorry if this is a dumb question, but would you set up 5 accounts for each property or just an Income and Epex account per property?

[glauwertz]

Relay does not accept everyone. I tried to open an account, they deny and did not explain why. My local credit union was more than happy to have me.

[Quackamoley]

What if your vendors do not want to give you their account number to be paid? Do you revert back to Venmo/PayPal/checks?

[ralphaelthomas]

I need help getting started I’m so confused. I see people who go thru the land lord and people who buy a house. I don’t have money cause I’m pay check to pay check but I been doing research and I believe I can make money. Where do I start

[MJD]

This bank I great, but what if a person needs a business credit card?

[craigreman]

If I have 1, 000 properties. Do I have to open 1, 000 Bank income accounts?

[redneckpatriot]

What happened to the 'Owners Pay Account' ? In a previous video you and your wife did, you said that it was one of the 5...