Lease personal house to LLC to AirBNB

[Matthew Kresky]

Just want to see if this is a viable option and if anyone has experience with it.

I own a single family home that is operating as an AirBNB. I have a partnership LLC which is being used to manage the property, buying furniture, paying contractors, etc.

Does it make sense to draw up a long term lease agreement renting the property from my personal name to the LLC? One immediate benefit I can see from this is on the lending side in that mortgage brokers will be able to use the long term lease as income towards the debt of the property. (Something they are not able to do with the short term rental income)

I know this would also have tax ramifications as well. Is anyone more knowledgeable on this subject?