Can I pay myself as a property manager?

[Linda Higgins]

I have been managing my own rental properties for last five years and I have a full time job besides my rentals so I have never paid myself any management fee. I heard some of investors suggested I should pay myself 10% of the management fee since I'm doing everything. What are the recommendations on this topic? What are those pros & cons for doing that? I really appreciate your feedbacks! 

[Jon Holdman]

There's no point in paying yourself.  It would be a deduction from the rental but then you would have to report the income, so its a wash for taxes.  If you mean, "can I take some of the accumulated cash from my rentals and use it for myself", then sure.  Its your money.