US News and World Report has put out a great article highlighting the "difficult" parts of renting your home on Airbnb or VRBO. The following quote was particularly insightful.
"Rentals are treated like hotels in most geographies now, and owners need their properties to comply to local rules. The biggest one is occupancy tax, and a number of different municipalities have licensing requirements to be able to rent out on a short-term basis."
The article advises homeowners to check local ordinances regarding taxes & licensing, offers information about insurance policies, and provides insight on cleaning and maintenance. Click below to learn more!
http://money.usnews.com/money/personal-finance/articles/2015/03/24/the-homeowners-guide-to-vacation-rentals
Providing lodging & occupancy tax compliance advice & insights for vacation rental property owners.
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