Question

Jason owns a house and property in Ogden, Utah. He does NOT live in the home now, but plans to retire there. He is able to rent the house to sports enthusiasts and their families throughout most of the year. Skiers like to stay in the winter months and hikers like to rent the house in the summer months. Which type of dwelling unit is this house for Jason?

Answer 1

This house of the Jason is investment asset because he is not living up in his Ogden’s house while people (sports enthusiast and their families) are willing to take that house on rent.

Explanation:

According to me this house is a very good investment asset because people (sports enthusiast and their families) are willing to take that house on rent while he is not living up there. The every month rent money can be seen as the good lifetime investment or return cost of his property.

This property is real estate which is good source of generating money to continuous years or lifetime though he need to spend on damage or maintenance cost.