Creating Your Own PM Company

[Josiah Cooper]

Hello BP Community!

I wanted to get some opinions on creating a property management company for our rental properties. I have heard of people owning properties and then creating a PM company that "manages" their properties. I guess the question that I have is what are the pro's in doing that? The only thing I can come up with is that because your income properties are paying for a "PM" company, the NI will be lowered for tax purposes at the end of the year? We, like everybody else, are always trying to come up with ways to pay lower taxes and thought this might be an option. If anybody else has any insight into why this would be a good idea it would be greatly appreciated.

Thanks again.