The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Passive versus Active Income||Date: 6/18/2012 8:22 PM|
|Author: Donna405||Number: 116284 of 120484|
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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