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Updated over 1 year ago on . Most recent reply

User Stats

414
Posts
94
Votes
Art Maydan
  • Chicago, IL
94
Votes |
414
Posts

Starting A Property Management Company In Illinois

Art Maydan
  • Chicago, IL
Posted

I'm doing a house hack as well as managing  units for family and I'd like to start a property management company. I passed my IL broker exam and need to get a 45-day sponsor card to the IDFPR. I'm having a hard time finding concrete info on what I need to do to start a company. Do I have to be a managing broker myself? If not, do I need to hang my license under a broker who does property management? Can I hang my license at a discount broker, pay their monthly fee or whatever, and start a property management business for myself?

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