as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
better to rent condo to daughter or put her on title?
user
@pete b.'s answer is good, but there's an important note to consider for tax purposes.  it's too large for a comment, so i'm adding it as an answer. and that is: you cannot claim the property as a rental property under certain conditions.  this affects things like claiming mortgage interest (which you don't have), and depreciation in value (which a rental is allowed). see irs topic 415 for details, but i've included an important excerpt below with emphasis added: if you rent a dwelling unit to others that you also use as a residence, limitations may apply to the rental expenses you can deduct. you're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for more than the greater of:  ...   a day of personal use of a dwelling unit is any day that it's used by: talk to a tax accountant to better understand the ramifications of this, but it's worth noting that you can't just rent it to her for a paltry sum and be able to take tax advantages from this arrangement.
assistant