Separate Property Management Entity Requirements

[James W.]

If I own real estate in a partnership, but I want to pay myself a property management fee, can I create a separate entity to be the property manager? I’m not a licensed property manager / broker, but I’m a partial owner of the property. The property is in Texas.

I do realize that I can’t manage third party real estate without a property management / brokerage license in Texas. And I believe that as a real estate owner, you can pay yourself a management fee. I just don’t know if creating a separate entity to be the “manager” creates any additional issues.

I’m certain this question has already been asked, but I can’t seem to find it anywhere.