Member login Member signup | 0 USD ($)

Cape May Vacation Rentals

  • Home
  • Register
  • List Your Property
  • Blog

Cape May Vacation Rentals

Recent Changes in the Vacation Rental Market

Cape May News, Uncategorized, Vacation Rental News - admin - August 21, 2019

Dear Cape May Vacation Rental Owners,

As many of you know there have been major changes in the vacation rental business in 2019.

Starting in January of 2019 the State of New Jersey began taxing vacation rentals. All owners of vacation rental properties in New Jersey were instructed to collect tax on their rental. This new tax law was supposed to “level” the playing field with VRBO/HomeAway, Flipkey and other national listing sites who were already collecting New Jerseys short term rental tax. The New Jersey real estate lobby was able to carve out an exception. If owners listed their rental with realtors they would not be taxed. However, they would be charged the standard 12% or less realtor fee if their rental was booked through the realtor.

Rental owners wrote countless emails and made tons of calls to local representatives and the Governor about how bad the tax was for the rental business and the local economy. It worked. The short-term rental tax was amended on August 9th to remove the tax on individual owners who market their rentals on their own and handle all payments.

This change in the New Jersey Short term rental tax did not include VRBO/HomeAway, and other national listing services. If an owner continues to list with VRBO/HomeAway, Flipkey or any national listing service guests will still be taxed and charged service fees if they book through them. VRBO/HomeAway, Flipkey or any national listing service collects payments and under New Jerseys Law that makes it a taxable transaction.

As of today, 8/21, VRBO and HomeAway announced that any listings with them will no longer be eligible for advanced payments. Owners will not receive rental payments until after your guests check- in. Your rental payments will be held until check-in. This “holding” of rental payments will make it very difficult for many owners to fund operation of their rental. A typical owner who does most of their renting in the summer would now have to wait until the guest checks in during their summer week to get paid.

VRBO, HomeAway, Flipkey and other national listing sites can also do chargebacks on your rental if a guest complains about the simplest of issues. Owners have no recourse. 

All of these national listing services appear to be doing nothing but a money grab directed at owners and renters. 

So why list with CapeMayVacationRentals.com?

We believe every owner has the right to know what we are doing to market your rental.

It’s all about traffic. We get website traffic. A lot of traffic. The more traffic the more travelers will see your listing. For the last quarter (90 days) we had well over 110000 visitors to our site. This is well defined, specific traffic to the Cape May area market and this number will continue to grow. The people clicking on our search engine links and social media ads are looking for a Cape May area rental. A typical renter can save hundreds or even thousands of dollars by booking directly with the owner. That is why we are seeing large traffic numbers. Renters are looking to avoid service fees and taxes to save money. 

We rank very high on Google Search for many of the keywords people type in when searching for a rental in the Cape May area. 90% of all searching is done through Google. We also dominate local listings on maps. We rank higher than many rental related websites in the Cape May area on both mobile devices and desktops

Our website is built for both the mobile (phone) user and desktop user. 70 % of all of our traffic comes from renters using their phones to search for a rental. 

Our listings are non-taxable. Owners handle all payments making the transaction non-taxable.

We do not charge service fees

Owners get paid according to their rental agreement and payment schedule. They are not subjected to any withholding of payments

With CapeMayVacationRentals.com owners have complete control over how funds are collected and complete control of any refund process if needed.

We do not block communications. It’s your rental and you should be able to communicate openly with someone who wants to rent your property. This helps every owner screen renters to make sure they are the right fit for your rental. VRBO, HomeAway, Flipkey do not screen.

We offer calendar sync with VRBO, HomeAway and Airbnb. To automatically sync your calendars just follow the instructions in your admin area. We also offer a utility that imports your reviews from VRBO and HomeAway. This utility is also located in your admin area on our website. Renters want to see up to date availability calendars are read reviews. The more information you provide to someone looking at your property the more likely they will inquire.

Please note our best performing listings are the most complete listings. These listings offer very good photographs, detailed descriptions, reviews, rates and most importantly an updated calendar. Renters looking for a property are more likely to inquire about a rental if the listing has all of the information needed to make the decision to book.

So, like every rental transaction it all comes down to affordability for renters and fees for owners. We believe CapeMayVacationRentals.com provides the most affordable and best solution for both.

We look forward to continue to market your rental. If you should have any questions please call or email us at any time. 

Thank you and Happy Renting!

Tom Froschle

CapeMayVacationRentals.com

609-400-2240

We help fill availability calendars every day. 

Tags | cape may beach rentals, cape may condo rentals, cape may house rentals, cape may pet friendly rentals, cape may point rentals, cape may rentals, cape may rentals with a pool, cape may vacation rentals, villas rentals, west cape may rentals
 0 0

Share This Post!

About Author / admin

You Might Also Like

Wine & Music Festival at Hawk Haven Winery in Cape May

September 28, 2018

Cape May 2018 Singer-Songwriter Weekend

February 27, 2018
Cape May restaurant week

Cape May Restaurant Week 2020

February 10, 2020

No Comment

Leave a Reply Cancel Reply

You must be logged in to post a comment.

Previous Post
Next Post

Recent Posts

  • Cape May MAC Food and Wine Celebration
  • Cape May Boardwalk Craft Show Share:
  • Fire Pit Friday at Willow Creek Winery
  • Cape May Winery 21+ Happy Hour Share
  • Cape May Trolley Tour

Recent Comments

    Archives

    • September 2020
    • June 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017

    Categories

    • Cape May News
    • Uncategorized
    • Vacation Rental News

    Meta

    • Log in
    • Entries RSS
    • Comments RSS
    • WordPress.org

    For Travelers

    • How to Book
    • Avoid Service Fees
    • Traveler FAQs
    • Vacation Rental Insurance

    For Homeowners

    • List Your Property
    • Pricing for Homeowners
    • Homeowner FAQs

    Company

    • About Our Company
    • News
    • Contact Us

    Destinations

    • Destination Guides

    © 2017 CapeMayVacationRentals.com All rights reserved
    Tearms Condition | Privacy