City Revenue Boost OTAs and Tax Collection Partnerships #shorts #airbnb #airbnbhostingtips #taxes

Cities make millions and millions of dollars from short term rental taxes and it's also one thing that's easy for them right because they don't have to create a whole new department. They don't have to hire a whole bunch of employees. If Airbnb works out agreement with that city where they're collecting taxes on behalf of the owners automatically and giving it back to the city that's a lot of revenue that's easy for that city to get. Now it's not just Airbnb that does this it's also VRBO and I know a lot of the other OT online travel agencies are jumping on this bandwagon as well to work together with cities to collect those taxes so the owners don't have to and so that the city wins at the same time. So that's the number one reason. If the regulations get easier then it's easier for someone to open a short term rental right or start a short term rental. There are less barriers to entry you could say.