If My IRA Buys a Rental Can I Be the Property Manager?
Not everyone is cut out for managing investment property. Especially with new or individual investors who focus on residential or multi-family property there could be some challenging times; maintenance issues, 24/7 potential calls, rent collection, etc. For some having a 3rd party manager is worth the price of peace of mind, but it does come at a cost. With some individuals investing in rental property with their IRAs, the question is if you want to manage your own property, can you. Forrest Moore’s article below addresses that question for those who want to delve into property management of their own property.
Good reading,
By novahood@live.com (Forrest Moore)
Many Self-Directed IRA custodians require you to hire a 3rd party to perform property management functions. However with CureIt’s Self-Directed IRA/LLC, you can manage the property, collect the rent, screen tenants, perform general maintenance, and more. This can save your IRA hundreds of dollars each month and ultimately provide more investment capital for ongoing investments.
Source: Realty Times
