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Updated over 9 years ago, 05/01/2015
Can owners of LLCs manage their own properties without a brokers licence?
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.