Fishman, an attorney and author of books on taxes and business law for small businesses, entrepreneurs, independent contractors, and freelancers, offers a guide to income tax issues faced by individuals who rent out all or part of their homes to short-term guests through platforms like Airbnb, HomeAway, VRBO
, and FlipKey, or on Craigslist or offline.
Those who oppose Airbnb and VRBO
can utilize zoning laws, restrictive covenants, land use ordinances, and tax laws to target these companies and others that share a similar business model.
I've written about the insurance problems inherent in home-sharing services such as Airbnb, VRBO
The Wall Street Journal reported that day that HomeAway, whose brands also include VRBO
com makes it easy to compare vacation rentals from the world's top travel sites including HomeAway, VRBO
The popularity of home rental sites like Airbnb and VRBO
have been surging for years.
San Francisco City Attorney Dennis Herrera also filed a lawsuit against two property owners, accusing them of evicting longtime tenants, two of them disabled, so the owners could illegally convert the residential buildings into pricey tourist hotels using Airbnb, VRBO
, and other short-term rental services.
Home-sharing or peer-to-peer rentals (P2P) are sites like Airbnb, Roomorama, VRBO
(Vacation Rentals by Owner) and HomeAway that connect hosts with guests.
com), or you could consider renting a house through sites like VRBO
At the moment, BookingSync property owners and managers can also sync their availability calendars and rates onto major vacation rental site HomeAway, as well as its affiliates VRBO
, OwnersDirect, Abritel, Toprural, VacationRentals, Few-Direkt and AlugueTemporada.
In cities around the world, travelers are bypassing commercial hotels and booking private digs--from spare bedrooms in Atlanta to villas in Tuscany--through websites such as Airbnb, HomeAway and VRBO
com earlier this year as an "open-source" alternative to vacation house portal VRBO