Tag Archive: rental property
As short-term rental platforms like AirBnb, HomeAway, and VRBO have grown in popularity, neighborhoods and cities have borne the impacts of increased tourism. Problems include more traffic, noise, and disruptive behavior; loss of affordable housing units, as landlords develop properties for lucrative short-term rentals; and loss of business for the hotel industry. In response, some state and municipal governments have passed legislation to tax and regulate the phenomenon.
In December 2018, Massachusetts passed its own version of such legislation: An Act Regulating and Insuring Short-Term Rentals, which not only regulates, but also taxes short-term rentals, The new law takes effect on Monday, July 1, 2019.
If you currently are renting your property on a short-term ...