If My IRA Buys a Rental Can I Be the Property Manager?

Written by Posted On Tuesday, 12 November 2013 17:25

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.


Not everyone will want to manage real estate held in a Self-directed IRA/LLC themselves. That is fine, you can always hire a property management company to manage property held in your Self-directed IRA/LLC. However, there are a number of advantages to managing the property yourself – and having checkbook control or your IRA makes that possible. Some of the advantages include:


  1. Cost savings – Save at least 10% by acting as the property manager for real estate held in your Self-directed IRA/LLC
  2. Save time – Not having to go through a custodian can save you significant time and head ache. Access money directly from your Self-directed IRA’s checking account. Set up the account local to you so the money is available 24/7.
  3. Be in control – If you are interested in a self-directed IRA it is likely you want to be in control of your retirement accounts assets. Being the property manager you are in control of everything.


One thing you cannot do as property manager for real estate held by your Self-directed IRA is pay yourself a salary. This is considered a prohibited transaction. You also cannot put sweat equity into a property owned by your Self-directed IRA/LLC.


If you have a property in mind for your self-directed IRA and have questions about what playing a role as the property manager feel free to e-mail us any questions This email address is being protected from spambots. You need JavaScript enabled to view it. or give us a call 888-376-9996.

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