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Reply to "Question about which state is best to manage my moms vacation home on Airbnb as a non real estate agent"
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[quote=Anonymous]Hello, My elderly mom is looking to purchase a vacation home for her family’s use and occasionally renting it out via Airbnb. I would be the one managing the rentals if we rent it out. She says she will pay me to manage the setting up of rentals etc this should it happen. We would hire a local person to manage any repairs and cleaning. My question for the real estate tax lawyers out there is how best to manage this as I am not a licensed property manager, just a family member. Would this salary be considered a “gift” since it is technically coming from my parents income, and then given to me, or are their states that allow this to be done by a non licensed person (family member in this case) who is not the owner of the property for pay? She is looking in Long Island, NH and Massachusetts for a property. Thank you for any advice. [/quote]
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