Magicks

genuine question : I am thinking about this for my next move has anyone here ever lived in a hotel long term? not a week or month. I mean actually lived there. like Udo Lindenberg has been living in the Hotel Atlantic in Hamburg for over 30 years type of situation because the more I think about it the more it makes sense to me financially and logistically. no furniture. no maintenance. no utility contracts. no dealing with landlords or property management. cleaning handled. laundry handled. food available 24/7. gym and amenities included. you check in and your entire life is operationally managed by someone else from that point forward and from a tax perspective I am fairly certain I can write off a hotel as a business expense significantly better than I can write off rent depending on how the structure is set up. if you are travelling between cities for work and your “primary residence” is a hotel in the city where your business operates the deductibility argument is substantially cleaner than trying to write off a portion of a flat. obviously depends on jurisdiction and how aggressive your accountant is willing to be but the structure seems favourable I am not talking about living in a Holiday Inn. I am talking about a proper long term rate at a good hotel where they know you and you have your own setup and it actually becomes your home if anyone has done this or is currently doing this I want to hear about it. what was the rate structure like long term.? did it actually work lifestyle wise or did it get depressing after a while? how did you handle mail and residency? was the tax treatment actually better than renting? genuinely curious. I am actually considering this. let me know

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