Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

This is really going to depend on the state you are looking to do business in.

They have been managing fine, although not too busy, I guess because of the market.

But 2025 offers other opportunities that did not exist 10 or even 5 years ago - think AI and online businesses.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

My business partner and I purchased a commercial office building a few years ago with creative financing.

My business still needs to sustain itself.  

It makes lead management way more efficient since they get to focus on people who actually want to do business. 

Both from how you want to structure your rental property business and how to handle things from a tax perspective. 

•Business Cards & Branding: You can list both services, but if you want to avoid overwhelming potential clients, consider having two versions—one focused on PM and one on real estate sales, depending on who you’re targeting.Best Way to Generate Property Management Leads1.Target Landlords Where They Need You Most•Most landlords seek out PM services when they’re in trouble—tenants not paying, evictions, property damage, etc.