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Updated over 1 year ago on . Most recent reply
Do I need a real estate license to manage a property?
My family has home that has been a place we use for anyone in the family who needs a home. Recently, the family member living in the home decided to move out. We all would ideally like to sell the home once the market is in a better place and use those proceeds to fund a new home purchase. For now, we will need to rent the home. I've been a property manager for almost a decade, so my family has turned to me to be the property manager. My experience as a manager though has always been an employee for a management company. I'm unsure if I am able to manage the property without a real estate license. Which leads me to a few questions about how to make this work.
1. Can I be the property manager without a real estate license?
If not, then 2. Can I be an employee manager under my family's LLC for the property?
If not, then 3. Can I be added as an owner to the property and then be considered self managing the property?