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Updated about 3 years ago,

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19
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10
Votes
Kaylan Field
10
Votes |
19
Posts

Being your own property manager

Kaylan Field
Posted

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. 

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