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Updated over 5 years ago, 06/23/2019
Accounting Question- Investor with Real Estate License
I’m a realtor that manages the 6 units that we own as rentals. I’ve been doing this for 7 years. Our accountant has never said until now that I need to have real estate commissions to make our write offs more legit if we get audited. I’ve always thought by self managing that that is my business and I didn’t need any other income. It’s my understanding that most real estate investors do not have licenses so how can this be true. Any thoughts would be great!