What is the role of property managers?
If a property manager handles your property, the property manager is required to have their own Tourist Development Tax account and submit the Tourist Development Tax payments for all of their clients in a consolidated return. You should verify this with your property manager. In addition to the consolidated return, property managers are required to provide an itemized list of all properties and rental amounts collected each month. However, you should be aware that as the property owner, you are ultimately responsible for the required tax being paid. Any failure by your property manager to pay the tax may result in penalties being applied against you. If a property manager handles your property, but you also directly rent the property yourself, you are responsible for submitting Tourist Development Tax returns for the taxes you collect from these rentals. You are required to have an individual Tourist Development Tax account on which to report these rentals.
