“If we move out of our home and rent it out, should we change the title to an LLC, or leave it in our names to deduct the expenses?” An LLC for rental property is the first thing people suggest when you move out and rent your old home. But there are two different questions […]
“I personally manage our rental property held in an LLC. Can the LLC pay me a property management fee as a 1099 hire without triggering payroll tax or any other reporting requirement?” An LLC management fee paid to yourself is one of the more creative-sounding ideas circulating among landlords right now. The framework Laura uses […]
“I own 12 rental units, and I still pay a fortune in taxes. If I just put them in an LLC, that fixes it, right?” Putting rentals in an LLC is the move most landlords reach for first — but the honest answer surprises them: the LLC wrapper, on its own, doesn’t drop your tax […]
“If I form my LLC in Wyoming, the IRS can’t touch me, right? My peers said so.” The Wyoming LLC myth is one of the most repeated — and most misunderstood — pieces of advice in small business. You hear it at conferences, in mastermind groups, and all over social media: form your LLC in […]
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