topic Corporate rental in Investors & landlords

Corporate rental

estelle106 — Tue, 24 Nov 2020 21:05:14 GMT

What type of rental should I describe my condo corporate rental I rent out 3-12 months per renter?

Re: Corporate rental

Critter-3 — Tue, 24 Nov 2020 21:34:14 GMT

Explain ... how is a condo a corporate rental ??? Does the corporation own the condo? Is the condo used as a residential rental ?

Re: Corporate rental

estelle106 — Tue, 24 Nov 2020 23:47:37 GMT

I OWN A CONDO, I HAVE A MANAGEMENT COMPANY THAT RENTS MY CONDO OUT TO PEOPLE WHO COME TO WORK IN THE AREA ON JOBS FOR ABOUT 3 MONTHS TO A YEAR, EXAMPLE TRAVELING NURSES OR A MANAGEMENT EXECUTIVE WHO IS ASSIGNED TO A PROJECT IN MY STATE, BUT DOES NOT RESIDE IN THAT STATE WHO WOULD NEED TEMPORARY HOUSING IN THAT STATE WHILE WORKING THERE ON A SPECIAL ASSIGNMENT

Re: Corporate rental

Critter-3 — Wed, 25 Nov 2020 00:10:29 GMT

Ok ... Unless you provide daily services like a hotel you just have a residential rental to report on a Sch E.