Yes, if a property owner lives outside of the State of California and is renting a home he/she owns through us within the State of California, PURE is required to withhold 7% of the rent collected and submit it to the state tax authorities on a quarterly basis. Withholdings are submitted quarterly by PURE on the property owner’s behalf to the California Franchise Tax Board with a FTB Form 592, Quarterly Nonresident Withholding Statement. Before January 31st of the following calendar year, we provide the property owner with a statement showing the total amount of income subject to withholding and the total amount withheld, using a FTB Form 592-B, Nonresident Withholding Tax Statement. Nonresident withholding is a prepayment of California state income tax or franchise tax for nonresidents, like wage withholding. After the property owner files, a tax return, if the withheld amount is more than the landlord’s actual tax liability, then the Franchise Tax Board will refund the overpayment.