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Updated about 3 years ago,
Being your own property manager
So, I've got a few rental properties between two different states that I handle independently without the help of a property management company. I put away X amount of money per house, per month for anything that may come up. Is there a way to actually become your own property manager to be able to write it off on your taxes? Considering I take all the phone calls, use my gas and time, buy tools if needed to fix the things I can and schedule contractors to do the things I can't? I'd rather "pay" myself and get the tax write off than pay a company who may not be as "on top of things" as I am (I'm a very preventative maintenance/proactive landlord). I'm a licensed real estate agent if that matters. TIA.