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What's so hefty about a 15% tax? Just pay the city the 15% and pocket the rest. If you need to, raise the price a bit. Assuming your rent is 500$/month, to giv
by anon4 13y ago
What's so hefty about a 15% tax? Just pay the city the 15% and pocket the rest. If you need to, raise the price a bit.
Assuming your rent is 500$/month, to give one room to some random person for a night you should charge them 20$/night to offset your entire rent for that day after deducing the city tax. The person in the article charges 500$/night. In that case you can even charge 50$/night and make money on top of having enough to pay rent.
In no case would you need to charge more than a hotel - you both pay 15% tax, but you don't need to pay a whole hotel's worth of workers for that room's upkeep.
- exhilaration 13y agoThere are other issues, in many jurisdictions being a legally zoned hotel requires things like sprinklers that the average AirBNB lister might be unwilling or unable (in the case of a renter) to invest in.