we have a multifamily property and we would like to have more savings via write offs. is there a way of creating my own property management company maybe under LLC Or some form of entity and then have that manage the prooerty, then have that management company which we created claim write offs as well?? any help around this would be great, or suggestions. thanks.

Not sure how this would help. If you are the single entity LLC all the income you pay the "management" company will pass back to you. None of your expenses really change. You can write off the mileage, advertising, office space etc right now. Just not sure there are additional write offs if you run the management through a company.

If the rent is $1,000 and you pay 10 %. You now have a management fee of $100 that you write off. If you are the manager or you LLC, you now have $100 of income to account for.

To start off I am not a lawyer nor do I play one on the internet (nora CPA). For Risk Management purposes your strategy is very smart! By isolating the Property Management with the ownership of the asset you will prevent people from getting at the asset. Property Management can be a risky venture if not handled properly. The corporation serves as an additional insurance policy. As for tax purposes you can set each entity in such a way to maximize deductions. Would talk with an expierenced CPA to make sure you are in the clear with the IRS and a Lawyer to make sure your actions will not break the corporate veil and expose you to personal legal and financial risk. As for corporate structure for the Property Management the CalBRE does not recognize an LLC. You will need to set up an S Corp to have similar tax treatment as an LLC. You will also need to have some one with a broker's liscence be the broker of record. If you set up a foreign S Corp be sure to register in California otherwise you will be personally responsible. Best of Luck!