Starting a property management company

[Cameron Searle]

had an idea to open a property management company as an LLC. My idea is to take my 3 properties I currently self manage and pay my own company a monthly management fee. Then I can write that amount off taxes but not sure what costs would be involved on the LLC. I guess I could pay myself then the company shows basically no profit on paper. I have been a landlord many years but not the best on tax laws

[Sam Shueh]

Managing properties outside your personal properties without having a broker license in Florida is illegal.

If you met the State requirement suggest you set up your company through a lawyer.