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Updated almost 7 years ago,

User Stats

6
Posts
0
Votes
Shawn Beers
  • Walla Walla, WA
0
Votes |
6
Posts

need managing broker in Washington State

Shawn Beers
  • Walla Walla, WA
Posted

Hi All,

Looking for ideas.  I want to start a property management company in Washington State.  I am not a realtor or broker nor have I ever been one.  Washington State law requires that property management companies have a managing broker on staff.  Given that I am just starting out, I don't have the cash flow coming in to hire a managing broker.  

Does anyone have any ideas on how I can work around this issue?  I need a licensed manage broker as an "employee" of my business for legal reasons, but I don't need this individual to do anything for my business other then hold a license which would make it legal for me to operate my property management company in Washington State.

Aside from hiring an individual for a token fee each month - ie 100 to 200 dollars to be an "employee" of my company, I cant think of any other reasonable option.  I could partner with an individual that holds such a license to start my business, but finding the right person for this would be a challenge in itself.

Please share any thoughts you all might have on any other options that may work for me.


Thanks

Shawn

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