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Subject:  Re: Self Storage as an Investment Date:  5/19/2003  5:14 PM
Author:  golfwaymore Number:  107930 of 888229

Small business types have a reputation for thinking about everything in terms of taxes and the risk of being sued.

Another issue on taxes occurs to me --- sales taxes. Do your tenants pay sales taxes on the rents they pay? Any other significant state or local taxes or fees? Did you have to get a license to operate as a business, or can you function simply as a landlord without business licenses?

No sales tax on services in Georgia, including rents of any kind.

No local taxes here, no taxation other than ordianary income.

A business license in my county is not required if operating outside of the city limits of the county seat.


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