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.
