Regarding an apartment building investment, payroll vs. property management ? - property evaluation in montreal
I think buying an apartment building, and plan the property of a person (or firm is managed) can afford.
The assessment / analysis leaves two issues in line, I will still see and relate to: 1) Wage and 2) Commission of property management. As a rule of thumb should be used to determine when a team of people charged in "settlement" before you put it simply, a fee, property management? If it is determined by the number of shares in the assets? If yes, what is the threshold of the device? Thank you - in advance - for an answer to this question.
Sunday, February 7, 2010
Property Evaluation In Montreal Regarding An Apartment Building Investment, Payroll Vs. Property Management ?
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2 comments:
I would say that staff "for the owners, which is a set of properties useful to help a real full-time staff to run the operation. Once a game is very different then people care to property and the tax of his own Auto. With employees need to calculate the reception and the withholding tax is usually a check for payment, with monthly or quarterly payments to the IRS. Remember, unemployment and other labor laws, the laws according to their state or municipality.
I would advise people to avoid if you are under, we say 50 to 100 units. After a management company and the payment of contractors for maintenance and repair is much easier. You amortize the cost to the end of the year with canceled checks and / or presented as evidence of the IRS and are responsible for reporting the payments as income for your business.
First you need to know that it is illegal for all your property management for you. Each property management that are not theirs, must have a property management or real estate license.
However, the bill for maintenance personnel and the like, and the rate of housing management would be just that
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