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It goes even deeper than local ordinances and taxation. Counties often have specific requirements and certifications. Many states and local governments have man
by Avitas 13y ago
It goes even deeper than local ordinances and taxation. Counties often have specific requirements and certifications. Many states and local governments have mandatory 'use tax' and other usury laws that require registration and reporting--regardless of incorporation status or total dollar amounts. Counties, townships, cities, subdivisions and condominiums often have provisions, restrictions and covenants that specifically address and/or expressly prohibit various aspects of subletting such as short-term rentals. Further, many mortgages prohibit renting. Lastly, there's the issue of homeowners insurance.
I know that there is language in the AirBnB terms that mandate the owner take care of compliance. I wonder what proportion of homeowners that rent through AirBnB (or similar sites like VBRO) are doing so in full compliance with all of the above.