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Updated over 8 years ago on . Most recent reply

User Stats

193
Posts
53
Votes
Kumar Paj
  • Real Estate Agent
  • naperville, IL
53
Votes |
193
Posts

Licensed Realtor- S Corp can manage own properties??

Kumar Paj
  • Real Estate Agent
  • naperville, IL
Posted

Hello BP Experts.....

I am a licensed Realtor and hold multiple properties under my personal and/or LLC's name. As a Licensed Realtor I do have my S-Corp (Let's say ABC Realty Inc.) which is affiliated with a Managing Broker/company (e.g. ReMax/ KW) and earns RE Commission income. I was wondering if I can use my S-Corp as a management company i.e. to manage my personal/LLC properties. 

By this way ABC Realty Inc. (owned by me, as a RE Agent) can manage properties owned by myself/my LLCs. and collect rent. 

I wanted to make sure this is legal and if there are any caveats.

Will appreciate recommendations/thoughts, inputs....

Thanks!

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