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Paul Stewart
  • Specialist
  • Atlantic City NJ
50
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114
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STR Life- Remitting and paying Taxes

Paul Stewart
  • Specialist
  • Atlantic City NJ
Posted

STR Life- Remitting Tax

I got a good question for the BP fam. If you are a STR operator how do you deal with remitting and paying tax? Now, if you do not use a PMS and only have a few properties or only operate on Airbnb that's a non-issue. For those of us that operate many properties or use a PMS where you are the merchant of sale for VRBO bookings and any direct booking I'm curious how everyone does it? I am guessing most are paying those remitted tax manually. I am wondering if there is an easier option or app that literally will remit and pay said takes for you. I feel like in today's day in age there are so many tools for STR operations and I cannot believe there is no integration for a merchant of sale transaction or some kind of financial app/ software that can take the remitted taxes and pay them to the government automatically. Wondering if anyone knows a software that does that or is our only course manually pay remitted taxes…

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Lauren Kormylo
  • Rental Property Investor
  • Phoenix, AZ and Rehoboth Beach DE
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Lauren Kormylo
  • Rental Property Investor
  • Phoenix, AZ and Rehoboth Beach DE
Replied

I don't use it because I only have one property, but there is Avalara for that.  https://www.avalara.com/mylodgetax/en/index.html

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