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Updated over 4 years ago on . Most recent reply presented by

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50
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James Elden
34
Votes |
50
Posts

Tax question regarding repair days living at rental property

James Elden
Posted

I am aware of the rules about an owner staying at their own rental property and that if they are staying there to perform maintenance / repairs that this does not count as a "personal" day, I don't want to trigger my property to be classified as a personal residence. I am looking at buying some fixer uppers as buy and hold investments to rent out so would be buying them using an investment loan but there would be a period of time where repairs are ongoing before a tenant moves in and I may want to live at the property to oversee the repairs and manage the work but I wouldn't necessarily be doing all of the work myself. I think that since I am there for the purpose of managing the repairs this would be considered the same as if I were doing the repair work myself? I just wanted to check that my understanding is correct, any info is appreciated.

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