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Updated about 2 years ago on . Most recent reply
#1 Real Estate News & Current Events Contributor
- Rental Property Investor
- Estes Park, CO
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Can I rent my car to my property management company?
#1 Real Estate News & Current Events Contributor
- Rental Property Investor
- Estes Park, CO
Any attorneys or risk managers out there that have knowledge on this question? I had an extra family car, that I want to be full time dedicated for use by my PMC staff. I know I could sell it and retitle it into my PMC, but I was interested in the rental option.
Most Popular Reply
#1 Real Estate News & Current Events Contributor
- Rental Property Investor
- Estes Park, CO
- 1,197
- Votes |
- 276
- Posts
#1 Real Estate News & Current Events Contributor
- Rental Property Investor
- Estes Park, CO
Thanks everyone. It would be driven by my PMC staff (not me), so I'd like to 1) avoid retitling as is pricey in my state; 2) have my PMC benefit by having a vehicle fully dedicated to their operations; 3) treat my business like a business so to avoid "piercing the corporate veil".
does that answer your question @Michael Plaks- I'd love to hear what you think. I appreciate you pointing out the tax wash.