Should I manage a friends rental?

[Brian P Hamwey]

I'm a realtor in FL and a friend of mine is going to move and rent out her current home. As an aspiring investor, would it make sense for me to become her property manager and essentially get paid to learn that aspect of the business? I have a network of handymen and contractors for all the hands on requirements. I'm wondering if I could use my pro access to rent-redi for this even though it's not my property? Without being able to use Rent Redi for free to automate the systems, I don't think it would make sense for me to do. Since I'm learning the ropes, I was thinking of only charging her 5% for the services (Its roughly a $3,000/month rental) TIA for all feedback!

[Kim Meredith Hampton]

Nothing wrong for helping a friend, but since you are a licensed realtor, you really need to discuss with your broker. You would be performing services for a fee, and for this you need a Brokers License or manage under your current broker. I’ve seen many of these go sideways by “helping” a friend and end up in front of the Florida Real Estate Commission