How many rental properties can I self manage in Arizona?

[John A.]

I own 2 SFR rentals in my name and manage them myself. Both properties are in Arizona. A fellow AZ landlord told me I cannot manage more than one rental property unless I have a real estate license, even if all the properties are in my name.

Does anyone know where this is written?

I know in AZ you cannot manage another owner's property without a real estate license.  But I know of no limit if the properties are in my name.

John

[Tom Nguyen]

From the Arizona Department of Real Estates website:

Is a property owner required to hold a real estate license to manage the owner’s property?

A property owner may be exempt from the licensing requirements of this chapter pursuant to A.R.S. § 32-2121.A.1.