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Updated about 8 years ago, 10/21/2016
Licensed Realtor- S Corp can manage own properties??
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!