Questions About Being A PM For Vacation Rentals
I'm hoping some active PMs who manage vacation rentals for investors can shed some light on this.
I have the opportunity to manage vacation rentals as part of my PM company in Wisconsin. The part I can't quite seem to figure out is how the sales and room taxes work. Does my company set up a sales tax account with the Department of Revenue and collect and hold the taxes due quarterly? Do we hold it for the owner and then pay it towards a sales tax account they have set up with the DOR?
Any software recommendations for vacation rentals?
Any pieces of advice in general about doing this? I've done a lot of research on amenities, advertising, concierge services, etc but I know that doesn't mean I know it all. LOL!