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Subject:  Passive versus Active Income Date:  6/18/2012  8:22 PM
Author:  Donna405 Number:  116284 of 127534

I had to take the FL house back via Deed in Lieu of Foreclosure and will be renting the property after rehabing it. I now have eviction proceedings against the tenants, who have paid nothing, and were given until July 1 to move.

I am hoping to use a property management company. I could use the property management company to only collect the rents and find tenants through their screening process, and I will handle the repairs, etc. (This is my preferred method, as I have my own vendors who respond immediately when I call them.)

However, I can also use the management company to do everything.

What would be more advantageous taxwise?


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