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Updated about 3 years ago, 11/08/2021

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2
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Brett Skauge
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2
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Start a separate property management company?

Brett Skauge
Posted

Hi folks, I don't like how I am not compensated for my time as landlord when I am doing renovations/maintenance on my properties.  I guess maybe it just creates a convoluted mess of paper-trail, but if I created my own corp to manage, maintain and renovate my properties could I not then charge for my time? I understand that my management company would then have to pay taxes but they would be corporate, not personal. I just find that between renovations, maintenance and dealing with tenants on a few different properties takes a lot of time, but I can only really claim hard costs as tax write-offs. Creating a company to do this accomplishes that in a sense, but I am wondering if it just passing the buck on to myself only to pay tax on it later so to speak? I hold the properties in my own name, not through a company currently. 

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