Advice on starting up PM company in NJ

[Alex Smith]

Hey BP nation!

So recently I took a new job for 2 main reasons. #1, the money is pretty good and will allow us to scale up our rental portfolio faster. #2, the work-life balance is great and I technically only work half the year and while at work I have a ton of down time. My initial plan was to use the down time to start creating my own business on the side. My wife and I hope to be free from a W-2 in the next 10 years and in addition to the rental portfolio, were looking to start up a property management company.

Early on in my research, I'm seeing that in the state of NJ you need to have your broker's license in order to legally be able to manage other people's properties. Is there any way at all around this? I'm seeing that you need to be a realtor for 3 years "full time" before being able to get your broker's license and I was just hoping to get the ball rolling on the PM end of things a lot sooner.

Any insight would be much appreciated.

Thanks!!