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Updated about 1 year ago,
STR on weekends with renter during the week
I've got a question for anyone who is an Airbnb host AND a landlord...I have a situation that is good for me, but I'm trying to figure out the best way to handle it in terms of a contract/lease. I have someone who wants to rent my furnished apartment during the week (to avoid an extremely long commute), and then I will rent it out on Airbnb on the weekends. This person will also handle the cleanings for me. As far as I understand, if I set up a monthly lease, the income would be considered passive, and the renter would have tenant rights. Whereas, if I just rent it for essentially 4 days at a time, no tenant rights (ie-I can stop and change the locks anytime without dealing with warnings and any eviction process), but then the income might be considered active and be taxed differently. Obviously, I'm not asking for reliable legal advice, but any thoughts or suggestions to share?