![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2102990/small_1695884063-avatar-tonyt218.jpg?twic=v1/output=image&v=2)
24 October 2024 | 12 replies
This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3137894/small_1729650681-avatar-chadc331.jpg?twic=v1/output=image&v=2)
24 October 2024 | 5 replies
A PM company in California is required to have a broker officer, so either your dad can take on that role and put you in charge of the operations, or you can obtain your broker's license first.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2486365/small_1669251595-avatar-nickz71.jpg?twic=v1/output=image&v=2)
24 October 2024 | 7 replies
The office administrator did the initial due diligence, the corporate counsel reviewed the lease, the accounts payable coordinator setup the accounts and sent the security deposit, one of the VPs signed the lease, and only after all of that occurred did I get the name and contact information of the tenant.- Now I am in their system as a Vendor/Subcontractor.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1214644/small_1738110114-avatar-patm76.jpg?twic=v1/output=image&v=2)
25 October 2024 | 11 replies
Additionally, depreciation on the building (not the land) is a significant deduction, and if you manage the property from home, you may qualify for the home office deduction.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2731704/small_1682671822-avatar-andrews1450.jpg?twic=v1/output=image&v=2)
22 October 2024 | 4 replies
I got a lot of misguided & deceptive advice from various loan officers who just want to close & did not explain what was really happening behind the scenes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2385952/small_1695046348-avatar-andrews1281.jpg?twic=v1/output=image&v=2)
21 October 2024 | 10 replies
I purchased a property in Western New York that includes a small 1,200 sq. ft. local Post Office.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3136181/small_1729261640-avatar-danielk765.jpg?twic=v1/output=image&v=2)
24 October 2024 | 7 replies
One thing you might want to consider is partnering with microsoft and adding a third party app to their office 365 suite of products as they have an accounting arm and many other applications already in play that you could add on just for property management and it would work on their system to integrate everything.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3122030/small_1726800875-avatar-youngy11.jpg?twic=v1/output=image&v=2)
23 October 2024 | 1 reply
To qualify as a Resident Agent the representative must reside within a 25-mile radius of the Town of Baileys Harbor or be a corporate entity with offices located within a 25-mile radius of the Town of Baileys Harbor.7.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1908684/small_1640021707-avatar-kylerj1.jpg?twic=v1/output=image&v=2)
24 October 2024 | 14 replies
I would run the idea by the assessors office and maybe the code department.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1010688/small_1694592107-avatar-rkrr.jpg?twic=v1/output=image&v=2)
23 October 2024 | 3 replies
After a few calls to the tax assessor's office, we finally found who we needed to talk to and were able to go in and complete a form attesting to agricultural use.