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Sunday, January 2, 2011

City Rental Tax

OK, I should have seen this one coming. The city in which a rental property is located wants some tax revenue from rental income. In Avondale it is 2.5% and in Phoenix it is 2%. Landlords are expected to charge renters the tax, and remit it to the city. Monthly.

Even if the renter pays the tax, it is still potentially a paperwork headache for landlords.

Fortunately, the Property Manager we use...National Rental Pros...has stepped up and hired an accountant to look after it. There is an initial $19 fee to register the Property Manager as an agent for this purpose. In the case of NRP, it is transparent to the property owner thereafter. Nice!
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2 comments:

  1. Rental PropertyJanuary 28, 2011 at 6:39 AM

    Wow. your blog is amazing and good informative.

    ReplyDelete
  2. Investment ernativesOctober 19, 2012 at 4:49 AM

    This is a great post.I think it will be very usefull to us. I read it but I need some thing more to know about this. How can I know about this.

    ReplyDelete

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