Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

12
Posts
4
Votes
Patrick Crotty
  • Brooklyn, NY
4
Votes |
12
Posts

How does Property Management affect taxes?

Patrick Crotty
  • Brooklyn, NY
Posted

Hello all,

I am trying to establish my property management experience by offering my services to my landlady where I already live.  The building is a three unit townhouse in which the landlady also lives.  I already do a lot of things around the building for her and have experience in construction management.  I brought this idea up to her and she rejected the idea out of concern over how a property manager would affect her taxes among a few other concerns that I have been trying to assuage.  Apparently the City of New York (she wasn't clear on what department) asks her every year if she has a property manager.  She is an older lady and definitely is having some trouble understanding my offer on the table. I have slowly and consistently been explaining exactly what this would mean for her, but I do not know about the tax question.  Any help here is much appreciated.  Thanks. 

Loading replies...