I am the first-time home owner of a primary residence that I will rent out (single room when I live there and the whole property when I am out of town). I've asked a family member to manage rentals for me. The family member is listed as the host on Airbnb/VRBO, has the Airbnb/VRBO tax documents addressed to her, and receives the rent. She also pays for all expenses except the mortgage which I pay.
I consider the arrangement as her acting as my property manager -- where I "pay" her the equivalent of the rental income. I plan to declare the rental income and report the expenses. Does she need to bank transfer the rental income to me -- for me to claim the rental income? Is there any other tax implication of our arrangement?
