Florida Homestead exemption jeopardized

Advertising and using Airbnb, VRBO or similar apps to use your home as a seasonal rental will catch up with you if your home is homestead!

Why you may ask? Any state providing homestead exemption and you rent your home out, classifies your home as income property and therefor eliminates your exemption. The state is now auditing and receiving notifications from these apps and sooner than you may think, your exemption will be nullified.

I wish this was good news, unfortunately it is not, and anyone challenging this does not have much ground to stand on. So before you consider using one of these apps to rent your home for any reason, even special popular events, take heed and think twice.