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Updated over 8 years ago,

Grace Porritt's profile image
Grace Porritt's profile image
Grace Porritt
  • Investor
  • from Boulder, Colorado
  • Member since Sep 9, 2015
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User Stats

61
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17
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Grace Porritt's profile image
Grace Porritt's profile image
Grace Porritt
  • Investor
  • from Boulder, Colorado
  • Member since Sep 9, 2015
Connect
Grace Porritt
  • Investor
  • Boulder, CO
17
Votes |
61
Posts
Personal Finance

Should I Pay Myself as a Manager?

Grace Porritt
  • Investor
  • Boulder, CO
Posted

I am trying to figure out the best way to take money out of my rental properties with the least amount of tax impact. I was thinking about paying myself 10% manager fee for each of my STR rentals and 5%/month on my longer term rental. Is this wise? Would it be better to just take an owner draw? FYI, I have an LLC.

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