Working with a property manager

Working with a property manager

CA · Member since 2014 · 22 posts · 1 vote

So I have a question for you kind folks and was hoping you could provide advice based on your experiences. So my sister is renting her place out. She is working with a realtor to be her property manager to rent out the place. This realtor is using the standard lease agreement from the association of realtors and told my sister she doesn't need to sign it. He said the lease would just be signed between the realtor and the tenant. Is that correct. I would think the owner and tenant would still sign the lease but that's why I wanted to ask all of you to see how it is typically done. Also he told my sister that if she wanted to make any changes to the lease he would have to run it by his broker first. Can you all enlighten me as to whether this is the right way that leases should be done when working with a property manager who is a realtor?

Thanks

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  • Investor/Landlord · Farmington Hills, MI · Member since 2011 · 1k+ posts · 1k+ votes
    11y

    If the property owner has a contract with a property manager the property manager may sign the lease as the agent of the owner. The owner does not need to sign.

  • Property Manager · Big Bear Lake, CA · Member since 2013 · 585 posts · 330 votes
    11y

    I am a broker and property manager in California. @Jeff Rabinowitz is correct.

    Also, the broker does need to approve any changes. His/her license is at stake.

  • CA · Member since 2014 · 22 posts · 1 vote
    11y

    Thanks Jeff and Michelle!!  I feel better now knowing that this is how things are done.

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