Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 05/01/2015

User Stats

309
Posts
100
Votes
Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
Votes |
309
Posts

Can owners of LLCs manage their own properties without a brokers licence?

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted

I own a handful of rental properties of which I am currently managing myself. The properties are not within an LLC because they are traditionally financed. I have an LLC set up mainly as an asset protection vehicle. Currently, my LLC is performing manager functions such as showing and renting properties, collecting rent, doing rehabs, ect.... My attorney seems to think that in Missouri, I can't manage my own properties within the LLC because I am not a broker/my LLC is not a brokerage. This seems crazy to me. Does anyone have any experience with this or any suggestions? I really don't want to have to hire a property manager but I also fear managing the properties in my own name vs an LLC.

Loading replies...