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Updated over 5 years ago,
Moving out of a house hack.
So I bought a townhome with a detached garage loft in Jupiter Florida a couple years ago. I live there on a seasonal basis and have lived in the 2 bed/2.5 bath main townhome while renting the detached garage loft the entire duration to friends and co-workers. I have also been lucky enough to rent to co-worker and friends in the summer while I was not there. It has worked out well.
I have always rented to people I know, but I have done this at a significant discount to the market. I was getting my feet wet while knowing who I was dealing with. I have now bought a fixer upper dream home for my wife and I and I am planning on moving out the townhouse.How do you go about listing your rental property? Airbnb is not an option and the minimum duration is 6 months. Craigslist? Realtor?
Should I transfer this townhouse into an llc? Anything else I should be doing?