Hello, Does anyone here knows about TOT (Transient Occupancy Tax) ..?

Your questions indicate a need for professional assisitance in the field of property management. Or you could get a Nolo Press Book on being a land lord. YThey are packed with great information and often samples of all the forms you will ever need in your new role as land lord. Mostly the TOT is charged on people who are renting a room. Visit the state board of equalization, I am pretty certain those are the folks you collect the tax for. (Not nice people don't get on their wrong side, I would hire an attorney or a good small business CPA. Good luck.

As I understand it, the TOT is a tax levied by local governments in California on room charges for things like hotel rooms. In LA the Los Angeles County Treasurer and Tax Collector is responsible for the TOT. There is a FAQs page that should answer most of the basic questions here: https://ttc.lacounty.gov/Proptax/TOT_FAQs.htm You really should consult, at least briefly, with a competent attorney in your area to make sure you're going about this correctly. As was pointed out, you do not want to get on the wrong side of the tax collector.