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Updated about 7 years ago,

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18
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0
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Steven Lalonde
  • Castlegar BC, British Columbia
0
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18
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Managing your own rentals? How do you handle it financially?

Steven Lalonde
  • Castlegar BC, British Columbia
Posted

Hi BP,

For all those folks out there that manage their own rental properties, what are your thoughts, opinions and advice on setting up a Property Management company/business to manage your own personal rentals at the start of your Real Estate Investing career?

If you were to setup a Property Management business and bank account, and manage your own properties yourself while putting away 10% of the rental income into the business account, that you would otherwise pay to another Management company, is there any incentives or tax write-offs/implications in doing this?

Thanks,

Steve

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