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Updated over 1 year ago,

Tony Collins's profile image
Tony Collins's profile image
Tony Collins
  • Member since Jul 6, 2023
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Tony Collins's profile image
Tony Collins's profile image
Tony Collins
  • Member since Jul 6, 2023
Connect
Tony Collins
1
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1
Posts
General Landlording & Rental Properties

Can my parents collect rent from a tenant when they don't own the home?

Tony Collins
Posted

My parents live in a home under my name. There is another tenant, call him Bob, who lives in this home and pays rent. Is it legal for Bob to pay rent to my parents instead of to me? I would like to do this because it could increase my parents' taxable rental income and decrease my own taxable rental income.

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