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Updated over 7 years ago,
Renting out your primary residence as a short term rental
Hi,
I am getting ready to relocate for work where my company will provide me a monthly allowance for living expenses as long as I have a permanent address that is away from the project location. I will also be moving project to project for the next few years and so do not want to have to constantly change my address for everything (bank accounts, ID, etc.). For this reason I would like to purchase property in Houston to act as my permanent location. I will use it as my primary address but will be traveling for work and so will not be using it a lot. When not there I would like to rent it out to cover some of the mortgage. What options do I have for this? Can I rent it out to someone on a 6month or 1yr lease and still use it as my primary address?
If not can I post is on airBnB and use it as my primary address?
Also, can I rent it out as a corporate rental on a month to month basis and use it as a primary address?
Any info or suggestions on who to contact for information would be greatly appreciated.
Thanks!