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12.08.11 » Panama City Beach short term condo rentals and taxes

Hi,

We have had several customers who have purchased condos this year ask us what is required of them with regard to taxes and licensing in order to rent their condo unit short term and comply with existing laws. There are several things to consider most of which revolve around the various public bodies wanting their share of YOUR income. TAXES. The math shows that if you are going to rent your Panama City Beach condo unit short term and you are trying to figure out what the costs are in order to arrive at a net… you can take approximately 12% right off the top for taxes and licensing.  Read more... (320 words, 1 image, estimated 1:17 mins reading time)