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| Subject: Passive versus Active Income | Date: 6/18/2012 8:22 PM | |
| Author: Donna405 | Number: 116284 of 118606 | |
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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? Thanks, Donna |
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