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Updated almost 7 years ago on . Most recent reply
vacation rental question
My husband and I recently purchases a cottage that we would like to rent weekly. The cottage does need some repairs and improvements that will probably take 6 months or so to complete. I am wondering if there are certain restrictions/ requirements for allowing us to claim the expenses/repairs without having rental income for the first 6 to 9 months? Is there any experts in this area that I could also read their posts?
Thank you
Most Popular Reply
Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
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#3 Short-Term & Vacation Rental Discussions Contributor
- Rental Property Investor
- Tennessee Florida
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#3 Short-Term & Vacation Rental Discussions Contributor
- Rental Property Investor
- Tennessee Florida
Why weekly? And why wait? Are the floors falling in or something? Just rent it nightly now and fix it as you go with OPM!!