We own our first rental property and have decided to manage it ourselves. What I am wondering is do I need to have a business license to manage my own property?
As mentioned some places do require it and some do not. Best bet would be to contact BOTH the city and county and ask them if there is a requirement for a license. This would be your best source to gather that information based on the properties location. You may also want to email them to ensure that you have the paper trail just incase.
Since rentals are not a schedule C, but an IRS defined passive activity in most cases, many areas do not require a business license. If you day traded stocks, you would also not need a business license. But if you're not sure, you can ask.