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HomeAway Emphasizes Legal Rentals With Investment in HotSpot Tax

Dennis Schaal photo
Dennis Schaal

Photo Credit: HomeAway invested in HotSpot Tax, which provides solutions enabling vacation rental owners and management companies to more easily comply with rental taxes. Pictured, a VRBO vacation rental in Napa Valley. VRBO

Skift Take

If the alternative lodging sector is still in its early days, then it is reasonable to envision that the market for services that help property owners and managers decipher the complexities of local rental taxes will only grow. HomeAway's investment in HotSpot Tax should burnish a hoped-for image of a vacation rental site that wants to ensure compliance with local laws.

HomeAway took a minority stake in its tax-compliance partner, HotSpot Tax, in a move that seeks to bolster the vacation rental site's reputation as a law-abiding corporate citizen and potentially enables it to grab new business as the alternative lodging sector expands in the U.S. HotSpot Tax, which has been the exclusive tax-compliance partner of several HomeAway brands and partners with other rental sites, too, maintains a database of the varied short-term rental and occupancy taxes across the U.S., and offers a Web-based solution for vacation rental owners and property management companies to comply with local and state tax law. Carl Shepherd, HomeAway co-founder and chief strategy officer, declined to disclose the amount of the co

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