TPT Tax- Self managing rental

[Viktor Singh]

Hello,

I am planning to self-manage my property in chandler. I learned that I need to pay TPT tax to the city. Can somebody provide me input on how to do that. Do i need to get a license to do it ? The city's website is not clear on it so I could use some pointers. Any other taxes/legal things that i need to take care of. here's what I am planning to do:

1. Set up checking account for the rental check. Pay mortgage through the security deposit.

2. Open a savings account and move the security deposit into that.

3. Pay house expenses through the checking account.

4. Pay TPT tax. 

I am missing something ?

Please help. 

Thanks !