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Updated about 6 years ago,
Doing a small amount of property "management", legal questions
So, I was hired by a partnership in Missouri to manage some of their rental units. I currently only manage 4 of them, but I don't have a real estate license or broker's license. They hired me because I had expressed interest in them mentoring me and helping me get started in real estate investing...they were in need of someone to help them manage properties, and I was in need of experience, so they asked me if I would manage a few units. I am wanting to make sure that I do this legally, though. One of the members of the partnership DOES have a broker's license--would it be legal for us to officially call him the property manager, and I would work under him as an "employee", but I'm really the one doing all of the actual work involved? Anyhow, it would be YEARS before I could get all of the licensing needed, and I am learning an incredible amount and would hate to give up this opportunity or have anything negative happen from this. Any and all advice very much appreciated!