Analyzing STR Properties

[Jacqui Casey]

I've noticed in some markets, there's an additional tax you have to pay on gross monthly income. Is this something you should add into your property analysis as revenue you won't be taking home, or do people use Airbnb service fees to account for that extra amount? Thanks!

[John Underwood]

If you have extra taxes then you should absolutely account for them.

Contact Vrbo, Airbnb and your local authority and see if they are automatically taken out or if you need to submit the extra taxes.