The Battle… New Software will track if you pay lodging tax

Eye Street Solutions LLC (“Eye Street”)  and HomeAway are battling it out in court!!! http://www.ca4.uscourts.gov/Opinions/Published/121143.P.pdf “Rather than book hotel rooms, many travelers now rent private residences for accommodation during their vacations. Appellee HomeAway, Inc. owns and operates a number of websites that facilitate such rentals. The websites, including HomeAway.com and VRBO.com, post rental advertisements by homeowners, whom prospective renters can then contact directly to make reservations.” “Many localities have found that these vacation rentals deprive them of significant lodging tax revenue. Whereas hotels almost always pay the taxes that localities assess on room rentals, private homeowners frequently fail to...

PPD = Pain Per Dollar – Watch Out for the Tax Man!

A few years back a CHBO property owner told us that she was switching from renting her property as a vacation rental to renting her property as a corporate housing rental.  We asked her why and she said “PPD.” The CHBO Property Specialist ask her to explain.  PPD she told us was, “Pain Per Dollar.” She wanted to make money with her rental property but trying to fix and flip her property nightly and weekly was just too much work.  She was excited to get Corporate Rents who paid good rates but also stayed longer. According to the 2012...

Corporate Housing Property Owners – Don’t Get Caught by the Tax Man! Beware of Lodging Tax Increases

You know what they say, there are only two things that are certain in life – death and taxes. With the coming New Year just a few days away, there are, of course, some new fees and taxes to be reminded of. Many cities and states are considering various property and lodging tax increases, which can impact short term, nightly and weekly rental properties – and possibly some longer term rentals too. Be sure to check with your city and state laws to make sure you’re in compliance with the latest lax laws. One new tax law to be...