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Updated over 5 years ago,
Starting a property management company
I had an idea to open a property management company as an LLC. My idea is to take my 3 properties I currently self manage and pay my own company a monthly management fee. Then I can write that amount off taxes but not sure what costs would be involved on the LLC. I guess I could pay myself then the company shows basically no profit on paper. I have been a landlord many years but not the best on tax laws