Property Tax Information

Tax Scenarios for Furnished Houses for Rent

Whether tax season has come and gone or has just begun, if you have any furnished houses for rent, it is of the utmost importance that you know how taxes may help you to enjoy higher returns. In another CHBO article on this issue, we considered the expenses that you could (and could not) deduct at tax time, and it is a good idea to re-familiarize yourself with the viable deductions. However, many owners are unclear about rental property taxes and what the overall tax implications might be for this sort of income. One of the first issues that...

Watch Out for Nightly and Weekly Rental Taxes Issues

I love talking with property owners because we get to exchange ideas and learn more about furnished rental details and trends from around the world. Grief Per Dollar Higher with Vacation Rentals Last year I was discussing monthly corporate housing rentals vs. vacation rentals with an owner and she informed me how much she loved having monthly corporate renters compared to weekly rentals and of course I asked her why. “GPD” she told me. Ok thats great, but what is GPD?  “You know,” she says “Grief per Dollar.” Lodging tax is just another one of those griefs that apply...