Quote:
Originally Posted by Md girl
Getting rid of our rental. For us we felt it was not worth having. Having to pay 9% taxes on any rental under 6 months can really eat into your income. It’s wise to check out all the pros and cons thoroughly. I know a lot of people don’t pay the taxes but u will eventually get caught and it’s not worth the penalty to try to avoid paying.
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When I was doing my due diligence I noticed most owners rolled occupancy tax into the rent. I charge tax In addition to rent, just like any other business. In the past few years I have noticed more owners are doing the same.