Are there restrictions on vacation rentals in Missouri?

Homeowner Associations (HOA) located in Missouri may also have specific rules regarding vacation rentals. As a member, it’s your responsibility to be aware of the association’s policy. It’s important to review this information to understand any restrictions or limitations on short-term vacation rentals.

Is there a VDA for vacation rentals in Missouri?

Short-term rental hosts in Missouri may be able to take advantage of a voluntary disclosure agreement (VDA). A VDA offers an opportunity for hosts to proactively disclose prior period tax liabilities in accordance with a binding agreement with the Missouri Department of Revenue.

Do you have to be sole owner of vacation home?

According to Zillow research, 6 percent of homeowners say they are the sole owners of a vacation or second home. Rental property: This is not your primary residence. It’s property you purchased to generate income, and at whatever point you do sell, you hope to make a significant return on your investment.

Do you have to pay lodging taxes on HomeAway in Missouri?

HomeAway/VRBO does not collect lodging taxes on behalf of HomeAway hosts in Missouri. Even if your online rental platform collects taxes for you, do not assume that the platform is taking care of short-term rental tax registration or filing for you.

Can a co-owner force the sale of a property?

The law allows any co-owner to facture the joint ownership via a partition action. Yes! In most cases, ANY co-owner (even a minority owner) can force a sale of the property regardless of whether the other owners want to sell or not.

Can you sell your house and condo at the same time?

No, it’s not just like selling a house! Condos have their own unique selling points and challenges that are good to know before you put yours on the market, so heed the advice below on how to pinpoint the right time, price, marketing tactics, and more so you can make out like a bandit once someone bites.

What’s the average price for a three bedroom condo?

So if a three-bedroom condo just like yours a few doors down recently sold for $168,000, you can expect to get around the same price for your own. But keep in mind that even subtle differences can spell the difference of tens of thousands of dollars.