My mom has a house with a reverse mortgage, and she has an in-law apartment attached to her house – a separate door to the apartment and a firewall door between the apartment and her house. She has rented the apartment in the past (before Reverse Mortgage) to various people during the summer. She still lives in her part of the house. She is getting older, so using Airbnb to rent a separate apartment would be a lot easier. I have seen questions about the transient rental of a single unit but could not tell if that is not Airbnb related to renting a unit where the owner is away temporarily or if it applies to this situation. Thanks!
Kate on 01.04.2019
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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
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All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041) |