Category Archive: Vacation Rental Owner Financial Matters

Pricing, taxes, security deposits, etc.

Sep 10 2017

Minimizing the impact of a lodging tax

This month, the state legislature will continue its discussion of a bill to expand the lodging tax to short-term rentals.  On several occasions, both publicly and privately, we have voiced our concerns that a sudden 11.7% increase in rental rates will adversely impact tourism on the Cape and Islands. The rental season is short, homeowners …

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Aug 02 2017

Important Tips when Retaining Security Deposit

We all know the importance of requiring a security deposit and returning it quickly. But often homeowners are unclear about which issues justify withholding the security deposit, whether they need to provide evidence to the vacationer, etc. In his recent podcast, Tyler Pyburn discusses security deposit issues with Elizabeth Weedon from our Homeowner Support Team …

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Jul 05 2017

Recap of 6/30/17 meeting with Senator Cyr regarding the lodging tax bill

Last Friday, about 35 homeowners attended a 1 ½ hour meeting that we hosted at Brewster Town Hall with Senator Julian Cyr and his District Director, Leslie Sandberg.  There were more questions than answers during the meeting, but we had an opportunity to present our concerns to the Senator as well as our suggestions for …

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Jun 02 2017

Lodging Tax Imminent – Voice Your Opinion!

Beacon Hill lawmakers seem poised to bring the lodging tax to fruition, although the details have yet to be decided upon.  For years, and particularly this past year, we have been voicing our opinion about the negative consequences of this tax through the media and meetings with legislators at the State House.  At our encouragement, …

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Apr 07 2017

Opposed to the Lodging Tax? Join us in our fight against it!

Co-owner of WeNeedaVacation.com, Jeff Talmadge, two members of our staff, and I spent this past Thursday at the State House in Boston for the second time in a month advocating on behalf of our homeowners against the proposed Lodging Tax. We met first with Rep. Jay Kaufman, Chair of the Joint Committee on Revenue, and …

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