Refinancing rentals and second homes, answered plainly
Short-term rental income
Plain answer
Lenders differ on short-term rental income. Many rely on tax returns showing a history of rental income, while some programs require a longer track record or do not count it at all. Ask early how a lender treats short-term rental income before you count on it.
Last reviewed against the primary sources listed below.
Have ready
- Tax returns with the rental schedule.
- Platform earnings statements.
- Expense records.
Landlords also ask
Do lenders count vacation rental income?
Some do, usually from tax returns; policies vary.
What proves short-term rental income?
Usually tax returns showing a history of the income.