Can a Property Management Company Become the Rentor Then Sublease

[Robert Prieto]

The law states that property management companies must be a licensed broker. Im wondering if there is a way around that. For example, can a PM company sign a lease agreement with the landlord that states that a sublease is allowed, and then the PM subleases the property to a tenant. Would this allow the PM company to fully advertise the house for rent?

[Lisa Parda]

Hello,

Yes.  Every state is different in their time periods or the number of transaction number that are required under a broker.  After that time period or transaction number you can sign off and start your own if that is a more profitable option. 

Best wishes,

Lisa