Hilton Head Island, South Carolina (PRWEB) December 30, 2013
The real estate industry has the Multiple Listing Service. This service helps millions of consumers each day, the MLS has standard information about available properties for sale. The vacation rental industry has struggled for years to adapt to a similar model that gives universal information to consumers about prices and availability for vacation rental properties. The answer to this game changing technology has occurred and many in the industry are exciting about the future of professionally managed vacation rentals.
Rental Places is the industry’s first professionally managed vacation rental online network, reaching millions of travelers every month. With over 250,000 professionally managed vacation rental accommodations in the most popular travel destinations across the world, Rental Places has given online visitors the necessary tools to find the perfect vacation rental at the price they want to pay.
Expanding daily, Rental Places has added locations in Colorado, California, Nevada, Florida, Alabama, South Carolina, Tennessee, and Virginia. Each destination includes information about local events, dining, shopping, activities, and special deals offered to travelers. “Our goal is to provide vacationers with as much information as possible about each location, giving suggestions for family fun, attractions, and happenings throughout the area,” said Rich Neste, Chief Operating Officer at Rental Places.
With standardization comes regulation, something the vacation rental industry so desperately lacks. "Many owners of vacation rental properties do not collect proper taxation. They fail to provide proper accommodation tax to their local and state governments while not claiming additional income on their federal tax returns." If you use the dwelling unit for both rental and personal purposes, you generally must divide your total expenses between the rental use and the personal use based on the number of days used for each purpose. However, you will not be able to deduct your rental expense in excess of the gross rental income limitation (your gross rental income less the rental portion of mortgage interest, real estate taxes, and casualty losses, and rental expenses like realtors' fees and advertising costs). However, you may be able to carry forward some of these rental expenses to the next year, subject to the gross rental income limitation for that year.
About Rental Places: Rental Places utilizes the latest technology to provide vacationers real-time availability to successfully reserve the vacation accommodation of their choice 24 hours a day, 7 days a week. Our S.E.V.M. ™ (Search Engine Vertical Marketing) technology has given online visitors the necessary tools to find the perfect vacation place at the price they want to pay.
Performance Development Corporation (PDC) is a specialized internet marketing and software development firm that excels in integrated web development, branding and organic search engine and digital asset optimization. Our efforts are focused on targeted national and global niche markets for our domestic and international clients in the resort, vacation rental and real estate industries.