Investor · Ridgewood, NJ · Member since 2012 · 113 posts · 10 votes
Was thinking of offering an apartment to handyman type and offer him discount in exchange for being an on-site super for handling any "handyman" type of jobs (i.e. painting, install carpet). What sort of % discount makes sense? Any rule of thumb? Utilities are included in rent so at least it has to cover the cost of utilities.
Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes
12y
You will have to put him on payroll . And the discount on rent may taxable income for him , I remember a guy that worked at an apartment complex who got a free apt , but they 1099 him the value of the rent
Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes
12y
You will have to put him on payroll . And the discount on rent may taxable income for him , I remember a guy that worked at an apartment complex who got a free apt , but they 1099 him the value of the rent
You will have to put him on payroll . And the discount on rent may taxable income for him , I remember a guy that worked at an apartment complex who got a free apt , but they 1099 him the value of the rent
He may not have to put him on payroll, as he does not control his hours, nor does he control if he does work for others. Charge him full rate, but pay him.