What are management fees? Management fees typically will relate to leasehold premises, usually flats and apartments. This pays for all communal areas and includes building insurance, maintenance, gardening, painting and decorating. We see more new building developments and management fees for the upkeep of the ‘open spaces’ & communal areas. Find out more today - LINK IN BIO #worcester #droitwich #malvern #worcestershire #teamnicolandco #property #home #homes #houses #housesforsale #homesforsale

Think you're doing it right by paying yourself a management fee from your LLC? Think again. That could convert passive rental income into active income—and that means employment taxes. 😬 The smarter move? Distributions. Distributions allow you to pull cash or profits from your LLC without triggering extra taxes—keeping more money in your pocket and your tax bill low. Watch the full video here https://youtu.be/hK_CcqyVbcE If you’re managing rental properties through an LLC, don’t fall into the t