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Updated over 1 year ago, 03/22/2023
Primary residence rentals for photo shoot and video locations
Hi all!
Tax and property related question:
I have my primary residence listed on a site called Peerspace, which is basically like Airbnb for photo and video shoots.
I'd like to start promoting this more, as it is another way to optimize rental revenue.
My question is - how can I write off improvements to the property (landscaping, renovations etc) as they tie into the "product" and related rental revenues? Can I invest in the property though my existing photography business and write off?
Any guidance would be appreciated!
Also, if Peerspace is active in your area, I highly suggest putting up any properties you have. Commercial shoots can and will pay thousands daily for beautiful spaces.
Tim