You may choose to manage the property or hire a third-party property manager. If you manage the property yourself, you may oversee administrative matters, but you cannot personally perform repairs or provide services to the property that could result in a prohibited transaction.

All property-related expenses must be paid from the self-directed IRA. Mountain West IRA processes authorized payments from the IRA for expenses such as property taxes, insurance, repairs, maintenance, utilities, and property management fees. The IRA owner should not pay these expenses personally. Rental income and other property income must also be returned to the IRA.

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