Driver's License Dillema
Surely someone else has come across this problem: I have been a full time RV'r for just over a year. A few years back, I sold everything and now travel and have no physical address. I travel the...
Forum Discussion
If you have property (home) that you aren't renting you are creating potential issues for yourself.
If you live there a decent amount of time, you might/probably fall under the state's definition of resident regardless if you have your license there or not. Will you have tax collectors beating down your door tomorrow? Probably not but you might be setting yourself up for an issue down the road. Your call, just don't cry if you get nailed with x years of penalties if they do go after you. That can be a dangerous game should you choose to play it.
If you don't live there and don't rent it you have a vacant property and many insurance polices limit the days a home can be vacant. If they find out about it after a loss it can be a problem.
If you rent it, then good for you on having an extra income source and enjoy it. Make sure your policy is a Dwelling Fire form for tenant occupancy, pay your taxes, if any, and enjoy.
If you live there a decent amount of time, you might/probably fall under the state's definition of resident regardless if you have your license there or not. Will you have tax collectors beating down your door tomorrow? Probably not but you might be setting yourself up for an issue down the road. Your call, just don't cry if you get nailed with x years of penalties if they do go after you. That can be a dangerous game should you choose to play it.
If you don't live there and don't rent it you have a vacant property and many insurance polices limit the days a home can be vacant. If they find out about it after a loss it can be a problem.
If you rent it, then good for you on having an extra income source and enjoy it. Make sure your policy is a Dwelling Fire form for tenant occupancy, pay your taxes, if any, and enjoy.
