Rental Property Investor · Lake Mills, WI · Member since 2018 · 8 posts · 5 votes
Hello Everyone,
I own a few properties that require lawn care and snow removal. I currently contract this out. I am considering doing this myself, but was wondering if there is any tax benefits in creating a separate LLC for this and charging my own properties for this service? Of course there is savings for doing this myself and not contracting it out, but can I benefit in other ways? Please give me your thoughts. has anyone else done this?
As a pass through LLC, there's really no benefit. You have expenses in your property management company, and income in your landscaping company, they cancel each other out.
Of course, you doing your own work and charging others to do theirs, that sounds potentially profitable!
As a pass through LLC, there's really no benefit. You have expenses in your property management company, and income in your landscaping company, they cancel each other out.
Of course, you doing your own work and charging others to do theirs, that sounds potentially profitable!