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Updated about 6 years ago,
New Jersey - Airbnb, VRBO, HomeAway - Occupancy Tax
Hi All,
I have a rental property listed on these rental websites and wanted to get other's input on the new Occupancy Tax for New Jersey. There is a clause in there that states that the tax is not due if the rental is rented through a licensed real estate agent. I have my RE license and also happen to have a rental.
There are some significant savings for a potential renter paying a 10% commission vs all of the Occupancy Taxes + Service Fees that these listing websites charge. My plan is to try and get renters off of the VRBO and direct them to my own rental listing.
What are others doing in the market? Anyone else in this situation? Is this reasonable or am I missing something?
Thanks,
Matt