Laws and legislation are changing rapidly in 2025, affecting Florida short term rental laws.
With its specific rules and ongoing debate about who can mandate and regulate the state’s market, Florida vacation rentals are struggling to keep up with compliance and remain competitive.
Is Florida Trying to Get Rid of Airbnb in 2025?
Florida’s latest legal changes have caused debate over who gets to regulate short‑term rentals.
SB 280 and HB 1537 are meant to centralize vacation rental regulations through the Florida Department of Business and Professional Regulation (DBPR). These bills would preempt cities and countries from setting local zoning rules or caps on rental frequency and duration.
The point is to create a statewide registry and standard license/fee structure.
B 280 also mandates that property rental platforms like Airbnb collect and remit tourism taxes, submit occupancy and registration data to the state, and allow DBPR to manage licenses.
So What’s the Problem?
Local governments, especially in coastal areas like Miami Beach and Fort Lauderdale, are pushing back. They argue that SB 280 disturbs neighborhoods and hinders single‑family zoning.
In June of 2024, Governor Ron DeSantis vetoed SB280, citing protection of property rights and Florida’s tourism economy. This means that there is no active Florida short term rental ban, but a clear tension exists between citizens, law agencies, and officials.
Florida Airbnb laws remain evolving at this point. Some cities are implementing stricter regulations, keeping the public confused about a potential Florida short term rental ban.
What Does This Mean for Airbnb Hosts and Property Managers?
There is currently no statewide ban on short‑term rentals in Florida. The state is pushing for compliance with a unified set of requirements. Cities like Miami Beach continue to enforce strict local rules, including minimum stay lengths, nuisance Ordinances, and heavy local registration fees.Property managers must comply with state-level licensing and tax requirements and also stay updated on city and county-specific regulations, such as Airbnb regulations by city Florida.
What Is Florida’s Law on Short‑Term Rentals in 2025?
Under Chapter 509 of the Florida Statutes, a “transient public lodging establishment”, such as a short‑term rental, is defined as any housing rented for 30 days or less, more than three times in a calendar year, or advertised to the public as rented regularly to guests.
The Florida Department of Revenue also treats rentals of six months (180 days) or less as “transient rentals” for tax purposes.
This means that any property rented for the short-term qualifies as a vacation rental, while leases over 30 days are considered monthly rentals Florida, subject to different rules.
Florida Statutes and Regulations
Chapter 509 regulates vacation rentals under the Florida Department of Business & Professional Regulation (DBPR), which is a Division of Hotels & Restaurants.
License Classifications by Florida DBPR
Condominium Unit
Single-Dwelling
Group or Collective (for multiple units or property portfolios under one operator)
Licensing and Regulatory Requirements
The license application is completed online through DBPR.
Fees: $50 application fee, $10 training fee, plus additional licensing fees (if applicable).
Processing time: Typically 1–2 business days.
DBPR requires balcony safety inspections every three years for buildings three stories or higher.
Preemption Clause (F.S. 509.032(7)(b)) prevents local governments from prohibiting or regulating the duration/frequency of short-term rentals, unless the ordinance was in place before June 1, 2011.
Senate Bill 280 proposed statewide registration, safety enforcement, and local preemption expansion, which was later vetoed in June 2024, so no changes have taken effect.
Florida Short Term Rental Laws 2025
Stays under 30 days = STRs | DBPR license required | Local rules still apply
No major changes yet, but new laws could be on the horizon ⚖️
Do You Need a License for Vacation Rentals in Florida?
The direct answer is Yes.
Every vacation rental in Florida needs to have a license from the DBPR.
State Licensing Requirements Through DBPR
How to Apply for Short Term Rental License in Florida:
6. Submit and monitor application: typically takes 1–2 business days for approval
7. Maintain and renew your license annually
Local Permits by County and City
Once you’ve registered for a Florida state license, local governments might require additional permits or registrations, especially in larger holiday cities.
Miami Beach
Miami [beach] short term rental laws indicate that vacation rentals under six months are prohibited in most single-family homes and many multifamily zones.
Permitted rentals must have a Business Tax Receipt and Resort Tax account, and display both numbers in all public listings.
Orlando
Requires a Home Sharing permit if renting part of a home (owner present), or a Commercial Dwelling Unit permit to rent the entire property.
Permit applications include proof of residency, zoning compliance, and identification.
Tampa
Requires a city-specific STR permit.
Online submission, inspection, and local occupational licensing are part of the process.
Permit Summary
Short-term rental license Florida: Mandatory state license through DBPR for all vacation rentals.
Airbnb regulations by city, Florida: Further local permits are common in popular areas like Miami Beach, Orlando, and Tampa.
Combining state and city requirements keeps your rental fully compliant.
· What Are the New Rules for Landlords in Florida in 2025?
Whether you are renting for long-term or short-term stays in Florida, you are bound by certain laws.
Eviction and Notice Updates
For non‑payment of rent, landlords must now give 3 days’ written notice, allowing tenants to pay or vacate before legal action is taken.
For lease violations, a 7‑day “Notice to Cure” is required before filing for eviction.
For week-to-week leases, termination can occur with just 7 days’ notice; month-to-month leases require 30 days’ written notice.
Impact on Short‑Term vs. Long‑Term Landlords
Short-term landlords (those with leases of under 6 months) must strictly adhere to sales tax, lodging tax, and DBPR licensing rules.
Long-term landlords are more significantly affected by updated eviction and notice protocols, as well as deposit flexibility.
Differences Between Long-Term and Monthly Rentals in Florida
Stay Up-to-Date on Florida’s Changing Rental Laws
Florida short term rental laws continue to change and evolve, with regulations and compliance shifting at both the state and city levels.
From licensing to local permits, there are many regulations that property managers must be on top of, especially if managing multiple properties over different platforms and in various jurisdictions. These regulations are only the tip of the iceberg. The short-term rental space in Florida (and across the U.S.) is shifting constantly, and staying compliant is critical to protecting your property and revenue.
With BRnX Travel, you don’t have to figure it out alone. Our verification and accreditation programs help property owners and managers stay ahead of the curve, meet compliance requirements, and stand out as part of theGold Standard of vacation rentals.
Costa Rica is set to introduce a significant change for property owners and hosts who rent out their properties on platforms like Airbnb. Starting in 2026, a 12.75% tax on gross rental income will be enforced.
This new tax policy aims to regulate the short-term rental market and generate revenue. Property owners and hosts will need to adapt to this change, understanding its implications on their rental income.
The introduction of this tax reflects a broader trend in regulating the sharing economy. It is crucial for those affected to stay informed about the upcoming changes.
Key Takeaways
Costa Rica will enforce a 12.75% tax on Airbnb rentals starting in 2026.
The tax applies to the gross rental income from short-term rentals.
Property owners and hosts must understand the implications of this tax.
The tax aims to regulate the short-term rental market.
Staying informed about the tax policy is crucial for those affected.
Understanding Costa Rica’s New 12.75% Airbnb Tax Coming in 2026
Starting in 2026, Costa Rica will implement a new 12.75% tax on short-term rentals through platforms like Airbnb. This change is set to impact the vacation rental market significantly. The new tax applies to rentals under 30 days and will be enforced through major booking platforms.
Key Details of the New Vacation Rental Tax
The new 12.75% tax rate will be applied to the gross rental income of short-term vacation rentals. This means that hosts will need to factor this additional cost into their pricing strategies. The tax is designed to generate revenue for the government while regulating the rapidly growing vacation rental market.
Property Types Affected by the Tax
The tax will apply to various types of properties used for short-term rentals, including houses, apartments, and condos. Any property rented for less than 30 days will be subject to the 12.75% tax. This broad application ensures that all short-term rental income is captured under the new tax regulation.
Implementation Timeline and Key Dates
The new tax is set to take effect in 2026, giving hosts and property managers a year to adjust their pricing and compliance strategies. Key dates to note include the registration deadline for hosts and the start of tax collection. Hosts are advised to stay informed about these dates to avoid any penalties.
The Current Vacation Rental Tax Landscape in Costa Rica
Understanding the current tax landscape is crucial for Airbnb hosts in Costa Rica. The country’s vacation rental market is subject to specific tax regulations that hosts must comply with.
Existing Tax Structure for Tourism Properties
Currently, rental income is taxed under the Real Estate Capital Gains Tax system. This system assumes 15% of expenses and taxes the remaining 85% at 15%. This means that the effective tax rate on rental income is 12.75% (15% of 85%). This tax structure is applicable to various tourism properties, including vacation rentals.
How Airbnb and VRBO Properties Are Currently Taxed
Airbnb and VRBO properties in Costa Rica are subject to the same Real Estate Capital Gains Tax system. Hosts are required to report their rental income and comply with the existing tax regulations. It is essential for hosts to maintain accurate records of their income and expenses to ensure compliance and to take advantage of the allowable deductions.
By understanding the current tax landscape, hosts can better navigate the upcoming changes and plan accordingly. Staying informed about the Airbnb tax regulations and Costa Rica tax update will help hosts adapt to the new tax structure coming in 2026.
Why Costa Rica Is Implementing the New Tax
Costa Rica’s introduction of a new tax in 2026 marks a significant shift in its approach to vacation rentals. The government aims to increase revenue and regulate the growing vacation rental market. This move is part of a broader strategy to manage the impacts of tourism on local infrastructure and communities.
Government Revenue Objectives
The new tax is expected to generate substantial revenue for the government. This additional income will be crucial for funding public services and infrastructure projects that benefit both locals and tourists. By increasing revenue, the government can improve the overall quality of life and enhance the tourist experience.
Infrastructure and Tourism Development Goals
A significant portion of the tax revenue will be allocated towards improving infrastructure in tourist areas. This includes upgrading transportation networks, enhancing public amenities, and promoting sustainable tourism practices. By investing in infrastructure, Costa Rica can support its growing tourism industry while maintaining its natural beauty and appeal.
Addressing the Rapid Growth of Vacation Rentals
The rapid expansion of vacation rentals has brought both opportunities and challenges to Costa Rica. The new tax aims to regulate this market, ensuring that it contributes fairly to the local economy. By addressing the growth of vacation rentals, the government can mitigate potential negative impacts on housing availability and local communities.
Breakdown of the 12.75% Tax Structure
As Costa Rica gears up to implement a 12.75% tax on Airbnb and other vacation rentals, it’s essential to dissect its components and implications. This new tax is set to significantly impact the vacation rental market, affecting both property owners and travelers.
Components and Allocation of the Tax Rate
The 12.75% tax rate is composed of several components, each allocated to different areas of Costa Rica’s tourism infrastructure and public services. The breakdown includes:
Tax Component
Percentage
Allocation
Tourism Development
5%
Funding for tourism development projects
Public Services
4%
Enhancing public services for tourists
Infrastructure
3.75%
Improving infrastructure in tourist areas
Collection Methods and Payment Processes
The new tax will be collected through platforms like Airbnb and Vrbo, making it easier for property owners to comply. The collection process will be integrated into the existing payment systems, ensuring a seamless experience for hosts and guests.
Key aspects of the collection method include:
Automated tax collection through booking platforms
Regular remittance of collected taxes to government coffers
Detailed reporting for transparency and compliance
Enforcement Mechanisms and Penalties
To ensure compliance, Costa Rica has established robust enforcement mechanisms and penalties for non-compliance. Property owners and platforms are required to adhere strictly to the tax regulations to avoid fines and other penalties.
Penalties for non-compliance may include:
Fines ranging from $100 to $500 for initial non-compliance
Repeated offenses may lead to higher fines and potential revocation of rental permits
How the Tax Compares to Other Popular Tourist Destinations
The new Airbnb tax in Costa Rica has sparked interest in how other tourist hotspots are handling vacation rental taxation. As travelers and hosts look to understand the implications of this 12.75% tax, comparing it to similar taxes in other popular destinations can provide valuable insights.
Vacation Rental Taxes in Mexico and the Caribbean
Mexico and various Caribbean islands have implemented their own vacation rental taxes. For instance, Mexico charges a 2% tax on lodging services, while the Bahamas have a 3% tax on accommodations. These rates are significantly lower than Costa Rica’s new tax.
Mexico: 2% lodging tax
Bahamas: 3% accommodations tax
Jamaica: 7.5% tax on accommodations and other tourist services
Comparison with European Vacation Rental Taxes
European countries have a wide range of vacation rental taxes. For example, Spain charges a 4% tourist tax, while Italy has a range of taxes from 4% to 7% depending on the region. These taxes are generally lower than Costa Rica’s 12.75% rate.
Key European vacation rental taxes:
Spain: 4% tourist tax
Italy: 4% to 7% regional tax
France: 0.2% to 0.5% lodging tax
Global Trends in Airbnb Taxation
There’s a growing trend worldwide towards taxing vacation rentals. Countries are recognizing the potential revenue from taxing short-term rentals, and many are implementing or increasing these taxes. Costa Rica’s new tax is part of this global movement.
Notable trends include:
Increasing tax rates on vacation rentals
Implementation of new taxes in previously untaxed regions
Stricter enforcement and collection mechanisms
Impact on Property Owners and Hosts
As Costa Rica gears up for the 2026 introduction of its new Airbnb tax, property owners and hosts must prepare for the financial implications. The new 12.75% tax on vacation rentals will undoubtedly affect their bottom line, but understanding the specifics can help mitigate the impact.
Financial Implications for Rental Businesses
The additional tax burden will require property owners and hosts to reassess their pricing strategies and profit margins. It’s essential to consider how the new tax will affect their overall financial situation.
Profit Margin Considerations
Property owners should analyze their current profit margins and determine how to adjust their pricing to maintain profitability. This might involve absorbing some of the tax costs or passing them on to guests. As Airbnb tax regulations come into effect, hosts must be strategic about their pricing.
Tax Deduction Possibilities
It’s also crucial for property owners to explore potential tax deductions that might offset some of the new tax costs. Consulting with a tax professional can help identify eligible deductions and ensure compliance with the new regulations.
Reporting Requirements and Compliance Steps
To comply with the new 2026 tax changes Costa Rica, property owners and hosts will need to understand the reporting requirements. This includes registering for the appropriate tax identifiers and filing regular tax returns. Failure to comply could result in penalties, so it’s vital to stay informed and seek professional advice if necessary.
Property owners should maintain accurate records of their rental income and expenses to facilitate tax reporting. This will not only ensure compliance but also help in making informed decisions about their rental businesses.
Potential Exemptions and Special Cases
While the new tax will apply to most vacation rentals, there may be exemptions or special cases to consider. For instance, long-term rentals or properties used for specific purposes might be treated differently under the new tax regulations. Property owners should investigate whether they qualify for any exemptions or special treatment.
As the implementation date approaches, staying informed about the Airbnb tax regulations and any updates to the tax law will be crucial for property owners and hosts to navigate the changes successfully.
What American Travelers Should Expect
As the new Airbnb tax in Costa Rica approaches, American travelers need to be prepared for changes in their vacation rental expenses. The introduction of a 12.75% tax on vacation rentals is expected to impact the cost of accommodations for travelers.
Projected Price Increases for Vacation Rentals
The new tax will likely lead to increased prices for vacation rentals in Costa Rica. According to industry estimates, the average price increase could range from 8% to 12%. To give you a better idea, here’s a breakdown of potential price increases for different types of accommodations:
Accommodation Type
Average Price (2025)
Projected Price (2026)
Percentage Increase
Studio Apartment
$80
$90
12.5%
1-Bedroom Villa
$150
$165
10%
3-Bedroom House
$300
$336
12%
Budgeting for Your Post-2026 Costa Rica Trip
To prepare for the potential price increases, American travelers should consider budgeting extra for their accommodations. Here are some tips:
Research and book accommodations early to secure better rates.
Consider alternative accommodation options, such as hotels or vacation rentals outside of popular areas.
Factor in the additional cost of the new tax when planning your trip.
How to Find the Best Value Despite the New Tax
Despite the new tax, American travelers can still find great value in Costa Rica’s vacation rentals. To maximize your budget, consider the following strategies:
Look for longer-term rentals, which may offer better value.
Explore different regions of Costa Rica, as prices can vary significantly.
Negotiate with property owners or managers for better rates.
Preparing Your Costa Rican Rental Property for the Tax Change
Preparing for the upcoming Airbnb tax change in Costa Rica is crucial for property owners. As the 2026 deadline approaches, it’s essential to understand how to adjust your rental property strategies to comply with the new regulations.
Adjusting Your Pricing Strategy
With the introduction of the new 12.75% tax, property owners will need to reassess their pricing to maintain profitability. Consider the following adjustments:
Review your current pricing model and adjust rates accordingly to absorb the tax increase.
Analyze competitor pricing to remain competitive in the market.
Consider offering seasonal promotions or discounts to attract guests.
Documentation and Compliance Preparation
To comply with the new tax regulations, property owners must ensure they have the necessary documentation. This includes:
Maintain detailed financial records of rental income
Ongoing
Guest Information
Keep records of guest stays and payments
Ongoing
Communicating Changes to Your Guests
Transparent communication with your guests is key. Clearly explain the tax changes and how they affect booking costs. Consider:
Updating your booking policies to reflect the new tax.
Notifying guests in advance of the tax change and its impact on their booking.
Providing excellent customer service to maintain a positive reputation.
Alternative Accommodation Options and Their Tax Implications
Costa Rica’s new tax on vacation rentals has sparked interest in other accommodation choices. As travelers and property owners navigate the implications of the 12.75% tax on Airbnb rentals, alternatives such as hotels, resorts, and long-term rentals are becoming more attractive.
Hotels and Resorts vs. Vacation Rentals
Hotels and resorts offer a different experience compared to vacation rentals, with services like daily housekeeping, on-site dining, and recreational facilities. The tax implications for hotels and resorts differ from those for vacation rentals. While hotels are subject to existing tourism taxes, vacation rentals are now facing the additional 12.75% tax.
Accommodation Type
Tax Treatment
Hotels and Resorts
Subject to existing tourism taxes
Vacation Rentals
Subject to 12.75% tax on rentals
Long-term Rentals and Different Tax Treatments
Long-term rentals are treated differently under Costa Rica’s tax regulations. These rentals are not subject to the 12.75% tax, making them an attractive option for those planning extended stays. However, long-term rentals are subject to other regulations and taxes, such as income tax on rental income.
Potential Economic Effects on Costa Rica’s Tourism Industry
As Costa Rica gears up to implement a new tax on vacation rentals, the potential economic impacts on its tourism industry are being closely examined. The introduction of a 12.75% tax on Airbnb rentals is expected to have both immediate and long-term effects on the economy.
Short-term Impact on Visitor Numbers and Spending
In the short term, the new tax may deter some visitors, potentially leading to a slight decrease in tourist numbers. This could impact local businesses that rely heavily on tourism, such as restaurants, tour operators, and souvenir shops. Key concerns include:
Increased costs for travelers
Potential shift to alternative destinations
Impact on last-minute bookings
Long-term Benefits for Infrastructure and Services
On the other hand, the revenue generated from the new tax is expected to be reinvested in tourism infrastructure and services, potentially enhancing the overall tourist experience. This could lead to:
Improved transportation networks
Enhanced tourist facilities
Better maintenance of natural attractions
Effect on Local Real Estate and Rental Markets
The new tax may also influence the local real estate and rental markets. Property owners might need to adjust their pricing strategies or explore alternative rental options. Key considerations include:
Potential decrease in rental income for property owners
Shift towards long-term rentals
Increased competition in the hotel industry
Conclusion: Planning Your Costa Rican Experience in the New Tax Era
As Costa Rica introduces a new 12.75% Airbnb tax in 2026, travelers and property owners must adapt to the changing vacation rental landscape. Understanding the implications of this tax is crucial for planning a seamless Costa Rican experience.
The new tax will impact vacation rental prices, but with proper planning, you can still enjoy the beauty and charm of Costa Rica. Property owners should adjust their pricing strategies and ensure compliance with the new regulations to maintain their competitiveness in the market.
For travelers, budgeting for the increased costs and exploring alternative accommodation options can help mitigate the effects of the new tax. By staying informed about the changes and adapting your plans accordingly, you can continue to enjoy all that Costa Rica has to offer.
As the tourism industry in Costa Rica evolves, staying up-to-date on the airbnb tax and vacation rentals tax will be essential for making the most of your Costa Rican experience.
FAQ
What is the new Airbnb tax rate in Costa Rica?
The new Airbnb tax rate in Costa Rica is 12.75%, which will be implemented in 2026.
How will the 12.75% tax be collected?
The 12.75% tax will be collected through Airbnb, and the platform will be responsible for remitting the tax to the Costa Rican government.
What types of properties are affected by the new tax?
The new tax will apply to all vacation rentals, including those listed on Airbnb, VRBO, and other platforms, as well as properties rented directly to tourists.
Are there any exemptions to the new tax?
While the specifics of exemptions are still being finalized, it’s expected that certain types of long-term rentals or properties used for specific purposes may be exempt from the tax.
How will the new tax affect my vacation rental business in Costa Rica?
Property owners and hosts will need to adjust their pricing strategies to account for the new tax, and may need to comply with additional reporting requirements.
Will the new tax apply to bookings made before 2026?
The new tax will likely apply to bookings made after the implementation date in 2026, but the specifics may depend on the exact implementation timeline.
How will the Costa Rican government use the revenue generated from the new tax?
The revenue generated from the new tax is expected to be used for infrastructure development, tourism promotion, and other initiatives to support the tourism industry.
Can I still rent out my property on Airbnb in Costa Rica after the new tax is implemented?
Yes, you can still rent out your property on Airbnb, but you’ll need to comply with the new tax regulations and adjust your pricing accordingly.
Are there alternative accommodation options available in Costa Rica that won’t be subject to the new tax?
Yes, hotels, resorts, and long-term rentals may be alternative options, but their tax implications may vary, and it’s essential to understand these differences.
How will the new tax affect the overall cost of my trip to Costa Rica?
The new tax may result in higher costs for vacation rentals, but travelers can expect to see more infrastructure development and improved services, which may enhance their overall experience.
What can property owners do to prepare for the new tax?
Property owners can start adjusting their pricing strategies, ensure they have the necessary documentation, and communicate changes to their guests to prepare for the new tax. Even as new taxes and regulations reshape global short-term rental markets, one thing remains constant — trust and transparency always pay off.
At BRnX Travel, we don’t just verify listings; we accredit them. We uphold the INACHI and ISO standards of verification and accreditation, setting the benchmark for what it means to operate a truly verified property.
For hosts, that means peace of mind, compliance, and credibility that keeps bookings strong — even under new tax policies. For travelers, it means assurance that every stay is accurately represented, legally compliant, and worthy of your trust.
Verified. Accredited. Trusted. That’s what keeps revenue flowing, even when the rules change.
It started with a proposed fleet of sleek, semi-submersible vessels with air-conditioned cabins and panoramic underwater views. That resulted in contracts with Disney, Carnival, and Norwegian Cruise Line. A hundred-million-dollar opportunity, pitched in the heart of Hawaii’s popular ocean tourism industry. It all sounded just close enough to being real.
But none of it was. What started as a glossy fantasy ended in federal court. Nearly $29 million was gone. A Hawaii couple was convicted and sentenced. And the so-called submarine, a surface vessel with underwater viewing windows, never went anywhere near underwater.
A real submarine history in Hawaii.
Underwater tourism isn’t new in Hawaii. Atlantis Submarines began operations here in 1988 and, by 1991, was running battery-powered vessels in Kona, Oahu, and Maui — a business that continues today.
These were real submarines conducting real dives, with a focus on safety, education, and reef conservation. They are Coast Guard certified and operate under their own power, are battery-powered (no fuel discharge), and descend to 100–150 feet below the surface on every tour. Passengers are inside a pressurized, enclosed cabin with large viewports, not in a semi-submersible or glass-bottom boat.
Atlantis has carried more than 18 million people on over half a million dives. Its biggest vessel, the Atlantis XIV, runs off Waikiki, seats 64, and is, by the company’s count, the largest passenger submarine in the world. Atlantis still runs tours on Oahu and the Big Island. Maui is paused.
Waikiki tours start with a shuttle boat ride from their dock near Hilton Hawaiian Village, followed by about 45 minutes underwater. Passengers may see coral, tropical fish, turtles, and artificial reefs made from sunken ships and planes. The subs are Coast Guard certified, and narration plays in multiple languages.
Atlantis pitches its tours as educational, sustainable, and family-friendly. The battery system avoids fuel discharge, and routes are chosen to protect reefs. It’s one of Hawaii’s most durable and regulated ocean experiences, which makes the Semisub scheme look even more empty by comparison.
The Semisub fantasy that failed.
Semisub Inc. tried to borrow from the Atlantis playbook, at least on paper. Its promotional materials offered up glossy renderings of sleek, next-gen vessels outfitted with luxury seating, oversized underwater windows, and the promise of a world-class experience.
The pitch name-dropped major cruise lines, cited Coast Guard approvals, and claimed that sea trials were already underway. The brochures looked polished. The website was confident. But according to prosecutors, none of it was true.
Behind the scenes, court records show the couple was using investor money for personal travel, inflated salaries, and day-to-day expenses. They created fake invoices and invented correspondence to back their story. At one point, they even pointed to fabricated letters of intent from cruise companies as justification for raising more cash.
There were no shipyards, no subs under construction, no contracts in motion. Just the illusion of momentum, built on borrowed legitimacy from Hawaii’s long-standing ocean tourism industry. By echoing the look and language of real operators like Atlantis, the project looked just credible enough to fool people.
Investors bought into the dream. Hawaii clearly sells underwater magic well, and Semisub leaned hard into that. The setting, the story, and the visual appeal all worked together until they didn’t. Then the project unraveled only after a federal investigation exposed just how much of it had been smoke, mirrors, and marketing.
The photo, the former governor, and the fantasy.
One of the stranger turns in the Semisub fraud trial came when former Governor David Ige took the stand. Prosecutors said Curtiss Jackson had told investors he was close with Ige and had his backing.
That story didn’t hold up. Ige said he had never heard of Semisub One and didn’t know Jackson. The defense showed a photo from Ige’s 2014 inaugural ball, which Jackson had used in marketing. Ige shrugged it off.
Representing himself, Jackson asked if Ige remembered dancing with his wife, being on her Facebook page, or sitting two tables away. Ige didn’t. Then Jackson asked if he was seeing a doctor for memory problems. The courtroom reaction to that was somewhere between a wince and a laugh.
The photo was real. The connection wasn’t. But for investors skimming a pitch deck, it may have been enough to be duped.
Investors bought into the dream. Hawaii clearly sells underwater magic well, and Semisub leaned hard into that. The setting, the story, and the visual appeal all worked together until they didn’t. Then the project unraveled only after a federal investigation exposed just how much of it had been smoke, mirrors, and marketing.
The photo, the former governor, and the fantasy.
One of the stranger turns in the Semisub fraud trial came when former Governor David Ige took the stand. Prosecutors said Curtiss Jackson had told investors he was close with Ige and had his backing.
That story didn’t hold up. Ige said he had never heard of Semisub One and didn’t know Jackson. The defense showed a photo from Ige’s 2014 inaugural ball, which Jackson had used in marketing. Ige shrugged it off.
Representing himself, Jackson asked if Ige remembered dancing with his wife, being on her Facebook page, or sitting two tables away. Ige didn’t. Then Jackson asked if he was seeing a doctor for memory problems. The courtroom reaction to that was somewhere between a wince and a laugh.
The photo was real. The connection wasn’t. But for investors skimming a pitch deck, it may have been enough to be duped.
A lesson in image versus infrastructure.
This wasn’t some tourists getting hustled at the dock. It was something quieter, and in a way, more dangerous. The pitch worked because it sounded just close enough to real. Hawaii has reefs, cruise ships, innovation, and a long track record of doing ocean tourism well. A next-gen submarine? Sure, why not.
But when Hawaii gets used as a prop for fantasy ventures, the damage runs deeper than just lost money. It chips away at trust in what’s actually here, and in the people trying to do it right.
The real subs are still out there.
Atlantis Submarines is still running in Hawaii, just not like it used to. Some routes have paused, but off Waikiki and Kona, the battery-powered vessels still take visitors down to see what’s left of the reef. No goggles. No getting wet. Just a slow descent and a window seat on the ocean.
It’s not flashy. It doesn’t promise the world. But it’s real. And for plenty of visitors, that’s enough.
That’s part of what makes the Semisub story so frustrating. The fraud didn’t just take money. It leaned on the real work that others here have been doing for decades. Quiet, careful, and actually underwater.
Updated: Aug 13, 2025 / 01:00 PM EDT Origin Article: here
TAMPA, Fla. (WFLA) — A vacation rental company based in Central Florida filed for Chapter 11 bankruptcy this month.
NBC affiliate WBBH reported that the company, IPG Franchising, has faced a growing number of lawsuits. It attracted investors to purchase contracts to manage vacation rentals while handling the payments.
Some investors complained that the company had delayed or stopped making payments to them.
An IPG Franchising investor told WBBH that it has been months since the company has paid her anything. She estimated that her family is out of more than $200,000.
“It’s a huge amount of money. It’s our life savings. It’s money that was taken away from my children,” Jane Sonkin told Gulf Coast News earlier this year. “There’s no properties anymore. There’s no communication. We are left with nothing.”
WBBH reported that more than 80 creditors are listed in the bankruptcy filing. It showed that the company has less than $50,000 in estimated assets but has between $1 million and $10 million in liabilities.
According to records obtained by the news station, the owners of IPG Franchising also run other companies, including Island Attitude on Manasota Key, which managed vacation rentals in the area before it was devastated by Hurricane Milton. For Our More Market News Click: Here
July 13, 2025 Property owners in Costa Rica who rent accommodations through popular platforms like Airbnb or Booking.com will soon face a new tax obligation. The General Directorate of Taxation (DGT) announced that a 12.75% tax will apply to rental income generated through these digital platforms, starting at the end of 2026.
By that time, tax authorities expect to receive detailed data from these platforms about users renting properties in Costa Rica. This information will improve traceability and enable more effective tax collection, as part of the government’s efforts to incorporate short-term rentals into the formal tax system.
Mario Ramos, director of the DGT, urged all individuals engaged in this commercial activity to register as taxpayers to avoid fines or sanctions once enforcement begins. He stressed the importance of early compliance to prevent any legal complications.
Finance Minister Nogui Acosta emphasized that the policy is designed to promote tax justice rather than excessive taxation. He also criticized a bill currently under discussion in the Legislative Assembly, which proposes reforms to the Code of Tax Norms and Procedures, calling it disproportionate and unnecessary.
The ability to obtain user information from digital platforms is made possible through an agreement signed with the Organization for Economic Cooperation and Development (OECD). This agreement facilitates international cooperation in tax matters and supports the government’s efforts to collect revenue more efficiently.
Airbnb has already been applying a 13% Value Added Tax (VAT) on service fees in Costa Rica since 2022, following its inclusion on the official list of taxable lodging platforms.
This new tax regulation is part of a broader digital tax framework introduced in October 2020 under the Law for the Strengthening of Public Finances, which implemented VAT on cross-border digital services such as streaming platforms, software, gaming, and transportation apps.
Authorities strongly advise rental hosts to regularize their tax status well before the enforcement date to ensure full compliance and avoid penalties. For Our Other Articles Click: Here
The Avon Town Council on Tuesday discussed the ethics of allowing short-term rentals in town while reviewing an application to expand the town’s short-term rental overlay.
The applicant is The Kestrel, formerly McGrady Acres, a free-market townhome development located at the end of Eaglebend Drive, next to Post Boulevard, across the street from unincorporated Eagle County. The 24-unit luxury development applied to be included within Avon’s short-term rental overlay.
At the center of the discussion were two questions: What do short-term rentals do for the resort economy? Do they help or hurt locals in a challenging housing market?
In Avon, short-term rentals are managed by the town in two ways: Zone districting and individually permitted licenses.
Short-term rentals are not included within Avon’s regular zone designations. When the town approves an area for short-term rentals, it is added to the town’s short-term rental overlay, a secondary map that is, in essence, laid on top of the town’s regular zoning map.
Avon’s short-term rental overlay was established in 2009.
Units in Avon can only be rented out short-term if they are included in the short-term rental overlay and licensed by the town. Being in the overlay does not automatically mean units are allowed to operate as short-term rentals; the overlay merely gives developments the ability to apply for licensing to contain short-term rentals. Town staff manages short-term rental licenses.
Within Avon, there are three types of short-term rental designations: Unlimited, which allows a unit to be short-term rented year-round; limited, which allows a unit to be short-term rented for up to six weeks per year; and resident-occupied, which permits year-round short-term renting of part of a home while the unit owner lives in another part.
Avon’s short-term rental regulations also differ between units inside and outside of the town core. Developments outside of the town core on the short-term rental overlay are allowed to have a maximum of 15% of their units operate as unlimited short-term rentals.
The Kestrel was not initially included in Avon’s short-term rental overlay because at the time, the town only looked at existing properties when it was establishing the which areas would receive designation.
“There wasn’t an intent to include it or exclude it,” said Eric Heil, Avon town manager.
The Kestrel is located outside of the town core and so would be subject to a 15% cap on full licenses only, meaning up to three of its units can be unlimited short-term rentals.
“At this time, we have a couple of people who are interested in doing a partial short-term rental, but it’s a luxury property, so everybody doesn’t want it,” said Andrea McMillen, representing The Kestrel.
The development is self-contained, with one way in and out.
“It’s not adding to any neighborhood problems that way,” McMillen said.
Which units are permitted the short-term rental designation would be determined on a first-come, first-served basis, McMillen said. (The Kestrel contains one deed-restricted unit, which, like all deed-restricted units in Eagle County, is not permitted to have short-term rentals.)
The Kestrel HOA will require short term rentals to host for a minimum of three days. “We don’t allow one night or anything because nobody wants parties,” McMillen said.
After working extensively with The Kestrel and reviewing its application materials, town staff recommended that the council approve including the development in the town’s short-term rental overlay.
“We find it is fitting for this type of resort development to have short-term rentals,” said Jena Skinner, Avon’s planning manager.
Council member Lindsay Hardy spoke out against approving The Kestrel’s application to join Avon’s short-term rental overlay.
“I believe short-term rentals, they are a cultural shift from community to commodity,” Hardy said. “Overtourism is putting a strain on local services, and I do believe additional short-term rental licenses will put an additional strain that we cannot accommodate.”
“As long as working locals are sleeping in cars, I will not vote “yes’ to expand unlimited short-term rental licenses or zoning expansions anywhere within our town,” Hardy said.
Hardy said she believed the application did not satisfy one of the criteria required for the council to approve the application, which dictates that “the rezoning is not likely to result in adverse impacts upon the natural environment, including air, water, noise, stormwater management, wildlife and vegetation, or such impacts will be substantially mitigated.”
“If one unit is consistently rented, let’s say, 300 days a year, it now needs more cleaning people, it now needs more maybe plumbers, electricians, or teams to help keep this home turned over constantly,” Hardy said. “For every additional cleaning person that we need in town, we need to be able to house them.”
Council member Ruth Stanley and Mayor Tamra Nottingham Underwood said the 15% limit on short-term rental units made them more comfortable approving the short-term rental overlay update.
A short-term rental unit in Avon is taxed differently from other units. Short-term rentals must collect and remit to the town 10% of the price paid for the rental. Eight percent of that is sales tax and accommodation tax, which goes toward the town’s general fund, while the 2% short-term rental tax is earmarked for the town’s community housing fund.
“So, in effect, it would work toward mitigating some of the issues that Lindsay has brought up,” said Council member Gary Brooks.
Heil elaborated on the conundrum that short-term rentals pose to mountain communities like Avon.
“We’re a resort community. The majority of our budget comes from the resort economy, and the majority of our funding to pay for all of the things we do comes from that resort economy,” Heil said.
With only two hotels in Avon, “most of our (visitor) lodging is short-term rentals,” Heil said.
“My opinion, when I look at this, is, whether you allow it or not, at $2.5 to 5 million, the cheap units you’re starting out at a $15,000 a month mortgage payment,” Heil said. “If you don’t allow short-term rental, they’re not going to be available to local workforces the way I see those economics. And then, if it’s a second home, is it better to see it vacant most of the year, or is it better to allow it to be used and have additional lodging opportunities for visitors?”
The council approved the application’s first reading 5-1, with Hardy casting the dissenting vote. The council will review the application again on May 27. For Last Months Article Click: Here
Origin Article : here Tighter rules and shifting demand are reshaping the vacation rental landscape. From Maui to Greece, governments are cracking down to address housing concerns, signaling a wave of change ahead of peak travel season.
Maui County is advancing legislation to phase out short-term vacation rentals in apartment-zoned areas, aiming to address the island’s housing crisis. Bill 9, introduced by Mayor Richard Bissen, targets approximately 2,200 units, revising earlier estimates of 7,000. The proposal has sparked debate, with supporters viewing it as a necessary step to increase long-term housing availability, while critics argue it could harm the local economy and tourism industry. Amendments under consideration include delaying enforcement until 2030 and exempting timeshare units. The Maui County Council’s Housing and Land Use Committee is set to review the bill in a public hearing on Monday, June 9, at 10 a.m.
Caribbean nations are adopting varied strategies to manage Airbnb and similar short-term rentals, balancing tourism benefits with housing concerns. During Caribbean Week in New York, tourism ministers from different islands discussed their approaches. Some are implementing regulations to ensure fair competition and community well-being, while others are embracing these platforms to boost tourism. The diversity in policies reflects each island’s unique economic and social priorities.
Short-term rentals in Greece have surpassed hotels in popularity among tourists, particularly in Athens, where platforms like Airbnb now offer more accommodations than traditional hotels. This surge has led to housing shortages and rising rents, prompting the government to implement a one-year ban on new short-term rental licenses in central Athens starting January 1, 2025. Additionally, a new daily tax on such rentals has been introduced to address the impact of overtourism and fund infrastructure improvements. These measures aim to balance the economic benefits of tourism with the need to preserve local communities and ensure housing availability for residents.
Demand for U.S. vacation homes has dropped to its lowest level since 2018, with second-home mortgage approvals down 66% from the pandemic peak. Rising costs, tighter short-term rental rules, and less remote work are key factors, with Florida markets like Miami and Orlando seeing steep declines. Even wealthy buyers are pulling back, signaling a broader shift toward more cautious spending.
Twimo has introduced a private vacation rental platform that lets homeowners securely rent, share, or swap properties within a trusted network. Designed to avoid public listing sites and rising STR regulations, it offers guest verification, calendar syncing, and no service fees, helping owners retain more income.
As summer travel ramps up, expect continued shakeups in policy, demand, and market dynamics. Check back next week for the latest developments in the short-term rental world.
