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GVRL Community Newsletter: August 2007 Newsletter
Vacation Rentals in the News: Links You Can Use

Why Buy When You Can Rent for a Fortune? Business Week, July 25, 2007 - A fun article that explains how, as rents rise and the richest get richer, it's getting easier to find properties that rent for more than $40,000 a month.

Vacation Home, Rental Property or Both? - Washington Post, July 21, 2007, Explains IRS rules for your vacation rental property, which the article calls "one of the most convoluted issues in our tax laws".

The Hazards of Wayward Renters, The New York Times, July 11, 2007 - Vacation rental managers say that misbehaving renters represent the minority of guests, and that potential problems can easily be spotted in advance if the landlord asks a few key questions.

Market dries up: It's worst season in recent memory for beach rentals, The Eagle Tribune (Andover, MA) July 10, 2007 - Higher end homes seem to be renting, but lower end rentals are finding it tough to fill vacancies.

Unpermitted vacation rentals to be cited, Maui News, July 4, 2007 - All over Hawaii, legislation is being written (and enforced) to control vacation rentals, but owners are fighting back, as the story below explains.

Vacation rental operators consider legal action Kauai Garden Island News, June 14, 2007 - Three months after the state government ordered 16 property owners in Ha‘ena to halt vacation rental uses on conservation land by June 30, some property owners have consulted attorneys to possibly challenge the order, a state official said.

American Standards And European Culture: How To Avoid A Disappointing Vacation Experience While Traveling In Europe - A nice reminder for all of us about the real joys of travel - learning, growing and experiencing new things!

Dollar Hits Record Low Against the Euro, International Herald Tribune, July 10, 2007 - This makes travel to the U.S. inexpensive for Europeans. Market to them!

For One Week, A Home of Your Own, Washington Post, June 24, 2007 - "To nab a rental property along the Jersey shore, you used to have to plan months in advance. Not anymore. The Internet has made finding a beach rental home simple enough that you can reserve a house or condo days before taking residence."

New lodging tax for Yates County OK'd by lawmakers - The New York state Senate has approved a measure that would allow Yates County to charge a 4 percent tax on hotel and motel rooms, bed and breakfasts and vacation rentals. The Assembly is expected to follow suit.

Before the Vacation Home -- Think, Wall Street Journal, June 10, 2007 - Financial planners and real-estate professionals suggest using caution before jumping into the commitment of owning a vacation home, an investment often loaded with hidden costs.

 

Towns seek missing taxes from beach house rentals, Star News Online (Southeastern North Carolina) - With beach property owners increasingly arranging rentals directly over the Internet, it's harder for beach towns to make sure they're collecting all they are owed in occupancy taxes. Those tax rates are set by local governments and apply to anyone renting short-term lodging.

 

Renting a European Villa, Business sWeek - This explains what your guests are thinking and how they're making their reservations.



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