Structuring STR management for my own properties

[Patrick McCandless]

Hi all. So I've been managing a handful of STR's for a few years now. Two listings are my own and seven others for STR owners who don't want anything to do with managing on their own. I have a business set up for all of my real estate operations aside from my own STR's (real estate sales, real estate photography, and STR managing). I know this is a question for my CPA (who I have already emailed), but curious to know if anyone else is doing this already and if it is advantageous financially. I have always kept the management it's own business (S Corp) and then my own STR's their own separate sole-prop business. Should I "hire" my S Corp to "manage" my own personal STR's? In other words just treat my own STR's just the same as my clients STR's where my S Corp essentially charges myself a commission to manage the STR's. All income and expenses would flow through the S Corp first and then my S Corp would pay me and my wife our net payout each month just like I do with my STR owner-clients. I hope I painted that picture well enough to understand! TIA!

[Andrew Steffens]

I own a management company in one corp and then own properties in another and the properties pay a commission to the management LLC.