Out-of-State Investors
Does 24 Hour Property Management work with out-of-state investors? Of course we do. In fact, approximately 20% of our investors live in states other than California or countries other than the United States.
Communication
Our communication is excellent to begin with. In fact, some may accuse us of over communicating. Coupled with the technologies available today, there are really no barriers to working with out-of-state and international clients. Email, telephone, e-Signature, electronic funds transfers, and the occasional video conference when necessary are all that is needed for 24 Hour Property Management to provide our top-notch services to property investors, whether local or elsewhere.
Taxes
Some out-of-state investors may not realize that the California Franchise Tax Board requires a percentage of rent collected be withheld for quarterly income tax payments. Furthermore, if you are a non-resident (foreign) investor, the Internal Revenue Service requires annual withholding as well. At 24 Hour Property Management, we take care of the withholding and remit payments on your behalf so that you don’t have to worry about it.
Contact 24 Hour Property Management, Inc.
If you live out-of-state or out of the country and are interested in purchasing or already have an investment property in Southern California, please contact us so that we can answer your questions and advise you. You can reach us seven days a week at 949-409-8585 or you can check us out on the web at 24hourpm.com.