Property Mangament Question - Do you have to be an agent?

[Jeff Studer]

Hey There-

Does anyone happen to know if you have to be a licensed agent to act as a property manager for a home that you don't own?  I currently own and manage my own properties but have a friend that may need to rent his home. I'd like to help him if I can because most of the PM firms around our area stink (in my opinion) and I know I can do a better job and may look to expand that 'service' to other homeowners on our neighborhoods that may want to rent their homes, but don't want to jump on with both feet if I can't do it legally.   Thanks in advance for you help. 

Jeff

[Jeffery Goode]

@Jeff Studer

@Shanel Wiggins is correct. If you manage more than one property for someone else then you must be licensed and operate under a broker or have a broker license (if you are only managing maintenance and not collecting or negotiating rents then only a salesperson license is required). And, remember by saying more than one property that is multiple units in one building. Each unit is a property for property management for State purposes.