Category Archive: Vacation Rental Owner Financial Matters

Pricing, taxes, security deposits, etc.

Feb 06 2017

Should you charge a cleaning fee?

Homeowners new to renting frequently ask whether to include cleaning in the rental cost. There are a number of factors to take into consideration when making this decision

There really isn’t a right or wrong answer – but it’s worth looking at the issue from different perspectives so that you can make the right decision for …

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Feb 02 2017

PayPal and other Electronic Payments

Although checks are still the preferred method of payment for most rental homeowners, PayPal can be a quick and easy alternative, especially for last-minute or international bookings. PayPal allows you to accept either bank transfer or credit card payments.

Elizabeth Weedon and I sat down to record a podcast about accepting electronic payments, and we discussed …

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Jan 12 2017

Great News for Cape and Islands Vacation Rental Homeowners!

It has just been announced that Governor Charlie Baker’s budget proposal for fiscal 2018 will include a 5.7 % room occupancy tax for any individual or business that provides short-term rental accommodations – but only for those who rent for 150 days or more per year. This would essentially exempt most seasonal Cape and Islands …

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Nov 01 2016

Don’t Get Scammed!

You’ve all heard plenty of stories about Internet scams. It’s more important than ever to be vigilant to protect not only yourself but unsuspecting vacationers, too. There are a number of ways someone could use your online listing for a money-making scam or simply to use your home inappropriately or disrespectfully. What can you do …

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Jul 25 2016

A Hopeful Sign Regarding the Lodging Tax

We have just learned that Governor Charlie Baker has reversed his opinion regarding the lodging tax on short-term rentals! During a radio interview last week, he had indicated that he would sign the hotel lodging tax to apply to all short-term rentals. Today, however, he expressed concern about the negative impact of this lodging tax …

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