Question: I have a Buyer wanting to purchase in a short term rental. He wants to make sure that the passive income he derives by short term renting (using Air B&B or VRBO) is not going to affect his Social Security income.
Answer: I would first have him talk to his accountant regarding his tax consequences. Also, there are many Short Term Rental HOA’s that have Management Companies that an owner is required to use to rent out the property. These HOA’s will not allow VRBO or Air B & B. Have Buyer verify this before purchasing.