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You are here: Home / News / City of Austin: Dowtown Vacation Rental Investigation Under Way
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City of Austin: Dowtown Vacation Rental Investigation Under Way

towers staff November 24, 2010 Comment

The vacation rental industry is growing rapidly. Increasingly, downtown Austin condo owners are listing their units on services such as Homeaway as opposed to offering units in the traditional long-term rental market. With rates of $1,000 - $2,000 per week, a few vacation renters can make a condo owner happy.But with short-term rentals come hotel tax obligations. Officially, any unit that is rented for fewer than 30 consecutive days and more than $2 / day (Really! $2 / day!) must charge and pay the full hotel tax. Currently, the hotel tax is a very significant 15% composed of . . .

 

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