Airbnb finds it pays to make peace with taxman in booming Mexico
It agrees with the local govt to collect and remit a 3% occupancy tax
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Mexico City
WHEN Elvira Fernandez decided to turn her Mexico City apartment into a temporary rental space through Airbnb Inc, she never imagined she'd be cashing in as much as 50 per cent more than a long-term lease would've yielded.
Ms Fernandez has a lengthy list of reasons why Airbnb is her best bet: She doesn't have to deal with lawyers, guarantors, unpaid rents or bad tenants. She receives the money on time, directly from Airbnb, and can immediately cancel a reservation if a visitor misbehaves. Not that she's had to resort to that; her experience so far has been nearly perfect.
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