Hi,
We are moving away and renting our place (our primary residence & our airbnb space)
Our new tenant is going to take over our primary residence as well as the Airbnb rental.
Is it better if:
a) tenant becomes a co-host (in which case would we are still the admins of our airbnb hosting account? would this mean we still need to register as a business on behalf of the tenant? and would this mean we still need to pay taxes on the income instead of the tenant paying taxes and would it mean we have to register with SF city instead of the tenant?)
b) tenant sets up a new account as a new airbnb host (in which case would we close our airbnb hosting account? would this mean we don't need to register as a business? and would this mean we don't need to pay taxes on the income or register with SF city?)
Thank you,
LL